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Selkirk Mountain Real Estate

Half-a-Billion Dollar Tax Hike?

The proposal would make Idaho’s income tax 10.925% and would affect everyone

Half-a-Billion Dollar Tax Hike?

Half-a-Billion Dollar Tax Hike?

By Wayne Hoffman

The mendacious leftists at Reclaim Idaho, the group that gave us Obamacare expansion four years ago, appears to have collected enough signatures to put a massive tax increase on the November ballot. It will be known as Proposition 1.

The proposal would make Idaho’s income tax 10.925%, the highest in the state’s history and representing the largest percentage increase in the state income tax in more than 90 years. It would make the state uncompetitive with every western state except California.

Most importantly, the tax hike would affect everyone, not just people earning more than $250,000 as claimed by Reclaim Idaho and its friends in the media. Every person of every level of income would see their taxes go up. That’s because the initiative reinstates the 6.5% top marginal tax rate that kicks in at about $8,000 of taxable income. People earning less than that would also see their taxes go up as lower marginal tax rates are restored.

It’s also important to understand that this is not about just high wage earners. Businesses that file an individual tax return reporting more than $250,000 a year in taxable income – the very definition of a small business – will see the amount of money they owe the government go up 82%. It’s easy to imagine the economic devastation to our state that would ensue if Proposition 1 passes.

Over the next several months, there will be many opportunities to pick apart, point by point, the claims made by Reclaim Idaho and its allied leftist proponents. We have to do this because, as we witnessed in 2018 with Reclaim Idaho’s Obamacare Medicaid expansion, the group resorts to lies, deception, and obfuscation in order to secure a political win, even if it costs Idahoans dearly.

Indeed, do not expect that the legacy news media will question Reclaim Idaho’s dishonesty. They didn’t four years ago, and they won’t likely do it now. Remember that all the major newspapers in the state backed Medicaid expansion. So when the Idaho Freedom Foundation raised valid concerns about the proposal, the media refused to cover most of the criticisms. To this day, the news media has yet to acknowledge that the expansion has costed [sic] more money and enrolled more people than promised, as we predicted.

What’s more, admitting the mistake would expose one of the reasons we warned against Medicaid expansion: it will result in less money for other government priorities, be it police or public schools. Now Reclaim Idaho is hell-bent on raising taxes to collect more money for schools because the group considers education underfunded. Ironic, isn’t it?

It’s important that we all work together to make sure people understand just how dangerous and costly Reclaim Idaho’s ballot initiative is. No one should rely on media reports or Reclaim Idaho to form an opinion. Let us know how we can help.

For more information, or to have one of our staff speak to your group about the initiative, email us at Dustin@IdahoFreedom.org.

 

Wayne Hoffman is president of the Idaho Freedom Foundation.

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5 Comments on Half-a-Billion Dollar Tax Hike?

  1. You had me up until “costed” became a word in the US. Seriously?? Do you even pass these articles through an editorial staff? Are you writing from Canada?

  2. School funding has been lacking for several decades now. Without a strong educational system, top paying businesses will not locate in the state since they can’t get an educated workforce.

    Your choice, Idahoans. Your kids graduating high school to poverty or have a change for a better life than their parent.

    • School funding is not lacking. Idaho spends the majority of it’s budget on education. It is the teachers that are lacking. They do not want to work, and spend their time complaining about Covid as an excuse to not go back to the classroom. This online learning experiment was a complete failure and they are dumbing down our kids even further.

      • You must not know a teacher. Teachers work more hour than a great deal of other professions for less pay and less respect. Spending $8,141 peer student is 49 out of 50 states.

        • See, there you go. You are not worried about the quality of student education, you are only worried about the Democrat-Socialist talking points. It is all about the money!!

          Real teachers want to go to the classroom and teach! The teachers that actually see their students in person have a much higher rate of accomplishment than those that continue to hide behind their computer screens screaming for more money. Instead of looking at NEA polls, why don’t you look at rankings that show actual results, not wish lists.

          The Idaho Legislature has approved spending $3.4 billion on education this year. This is a record 11% increase over our already majority high public school budget. You would have people believe that we do not fund children’s education hardly at all. You would also have people believe that they do not need infrastructure, first responders, etc.

          You complain that teachers do not get enough money, just like the groaners every time the levy comes along for renewal. The average Teacher salary in Idaho is $52,750 as of June 28, 2022, yet there are multiple counties in Idaho whose average income puts them below the poverty level, which for a family of 4 is $27,750. Yet they are being shamed into funding the higher-class living conditions of teachers while they grovel in the welfare and food kitchen lines. Typical socialist mentality that Liberals should Lord it over the peons in the working class.

          Stop with the Socialism already. There are plenty of sites that would welcome your changing of reality and throwing your emotions over facts. This is not one of them.

          ~And for the record, I have multiple family members that are teachers.

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