gains taxes, paid by individuals. This section does not apply to corporate income taxes or corporate excise taxes. Adding Section 2 to the Oregon Revised Statutes. This 2008 Act supersedes any existing law or rule with which it conflicts. If any phrase, clause or part of this 2008 Act is determined to be invalid by a court of competent jurisdiction, the remaining phrases, clauses, and parts shall remain in full force and effect. Estimated fiscal impact The state's Financial Estimate Committee prepares estimated fiscal impact statements for any ballot measures that will appear on the ballot. The estimate prepared by this committee for Measure 58 says: Measure 59 would benefit about a quarter of Oregon taxpayers. It would lower state revenues by $1.3 billion in the 2009-2011 biennium and $2.4 billion in the 2011-2013 biennium. The state budget would have to make up those reduced revenues in its general fund which pays for education, health care for children, the elderly, and the disabled, and public safety. Other fiscal estimates The Oregon Center for Public Policy (OCPP) issued a separate financial impact study. Features of their report: OCPP says the overall cost would be $1.1 billion rather than the $1.3 billion estimate provided by the government. 22 percent of Oregon's taxpayers would see a savings from Measure 59. Households with annual incomes exceeding $82,200 would receive 97% of the savings under the plan. Proponents Bill Sizemore, Timothy R. Trickey and R. Russell Walker are the measure's chief petitioners. The committee that put Measure 59 on the ballot was called "Stop the Double Tax". There is no committee currently supporting the ballot measure. Arguments Supporting Measure 59 This measure would save taxpayers over $1.3 billion over the next two years. Tax cuts allow families and business to keep more of their own money, which reduces the need for government program spending. Donors supporting Measure 59 The Oregonian reported in September 2007 that Nevada millionaire Loren Parks was the leading contributor to the effort to put Measure 59 and other measures on the ballot. According to the newspaper, Parks gave money directly to the signature gathering firm, rather than to Sizemore directly. A court injunction stemming from a 2000 fraud case prevents Sizemore from spending money directly on politics, although he told Oregon Public Broadcasting in May 2008 that he "found a way to put the measures on the ballot and give voters