In the mail: Measure 2: A rare chance to cut your own taxes

Tue, Sep 9 2008

Recently, Measure 2 officially was certified for the Nov. 4 ballot. Voters will have a historic opportunity to vote on guaranteed tax relief, thanks to the work of 65 North Dakotans who helped put Measure 2 on the ballot.

Every month, we hear new estimates of just how big the surplus will be. The latest number by the Office of Management and Budget pegs the projected surplus just less than $1.3 billion, with more than $450 million of that excess revenue occurring outside of the oil-tax windfall the state has enjoyed.

Many people would like to debate which tax is the “right tax to cut,” but the simple fact is that the overall burden is the real issue. The income tax is drawn from every paycheck, and the property tax is paid in one lump sum each year. Yes, the property tax is a real problem, but the 2007 Legislature spent 78 days debating the property tax and came up with an income-tax credit.