Oregon businesses are spending big to oppose a ballot measure that would tax corporations and give residents $1,600 a year in a rebate program that is similar to a universal basic income.
And lawmakers, both Democrats and Republicans, seem to agree. They say the ballot measure is riddled with problems and could crater the state’s budget.
Whether the state adopts Oregon Measure 118, however, will ultimately be up to the voters.Also called the Oregon Rebate, the measure would increase the state’s minimum corporate tax rate by 3% after a company makes $25 million in in-state revenue. Then, it would distribute that […]
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