Oregon ballot measure would tax big corporations more, return revenue as rebate to residents

Oregon ballot measure would tax big corporations more, return revenue as rebate to residents

Oregon voters will have the opportunity on Tuesday to vote on a first-in-the-nation ballot measure that would levy an additional tax on large corporations to be returned to the people as a basic-income "rebate."

The measure would increase the corporate minimum or corporate income tax by 3% on sales above $25 million, which in turn would provide the Beaver State’s 4 million people with an estimated $750 each, according to its chief proponent.

Antonio Gisbert, a former neuroscientist-turned-organizer and one-time representative for AFSCME, is the chief petitioner of the ballot measure. He told OpenDemocracy in a recent interview, "$750 annually can […]