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Debating Measure 118, which would create new business tax to give $1600 to every Oregonian
Manage episode 445187266 series 3541037
Oregon voters will decide the fate of five statewide ballot measures this November, including Measure 118. Also known as the “Oregon Rebate,” it would impose a 3% tax on a company’s sales above $25 million in Oregon. That money would then be distributed evenly to every Oregonian – roughly $1600 per person – regardless of age or income, starting in 2026 as either direct payments or tax credits.
Proponents of Measure 118 claim that it would slash child poverty in the state by half while making large corporations pay “their fair share” in taxes. Opposition to the measure is being led by the No on Measure 118 campaign which argues that it would make the state less attractive for businesses and lead to higher prices for consumers. A recent analysis prepared by the Legislative Revenue Office has also raised concerns that the measure could have a negative effect on revenue the state relies on to pay for education and other services.
Joining us for a debate about Measure 118 is Stacey Rutland, an advisor to the Oregon Rebate campaign, and Angela Wilhelms, President and CEO of Oregon Business & Industry.
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Manage episode 445187266 series 3541037
Oregon voters will decide the fate of five statewide ballot measures this November, including Measure 118. Also known as the “Oregon Rebate,” it would impose a 3% tax on a company’s sales above $25 million in Oregon. That money would then be distributed evenly to every Oregonian – roughly $1600 per person – regardless of age or income, starting in 2026 as either direct payments or tax credits.
Proponents of Measure 118 claim that it would slash child poverty in the state by half while making large corporations pay “their fair share” in taxes. Opposition to the measure is being led by the No on Measure 118 campaign which argues that it would make the state less attractive for businesses and lead to higher prices for consumers. A recent analysis prepared by the Legislative Revenue Office has also raised concerns that the measure could have a negative effect on revenue the state relies on to pay for education and other services.
Joining us for a debate about Measure 118 is Stacey Rutland, an advisor to the Oregon Rebate campaign, and Angela Wilhelms, President and CEO of Oregon Business & Industry.
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