Proposed Oregon ballot measure would raise corporate taxes and guarantee residents a basic income

Proposed Oregon ballot measure would raise corporate taxes and guarantee residents a basic income

Nation/World The Oregon Capitol in Salem. (AP Photo/Jenny Kane, File) Proponents of the concept say they likely have enough signatures to place it on the ballot this fall, and opponents are taking them seriously.

State business advocacy groups are preparing to launch a campaign against the proposed measure, arguing that it would harm Oregon’s business landscape and economy.

The proposal, Initiative Petition 17, would establish a 3% tax on corporations’ sales in Oregon above $25 million and distribute that money equally among Oregonians of all ages. As of Friday, its backers had turned in more than 135,000 signatures, which is higher […]

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