this post was submitted on 18 Jun 2024
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Proposed Oregon Corporate Tax to fund resident $750 rebate headed to ballot. (www.oregonrebate.org)
submitted 1 week ago by pdxfed to c/portland_oregon
6 comments fedilink hide all child comments
 

Full bill text: https://sos.oregon.gov/admin/Documents/irr/2024/017text.pdf

TLDR; Oregon corporate tax has a minimum rate of 1%. This ballot measure would raise it to 3% and give $750 to each Oregon resident (including children).

Get ready for an Uber/Lyft level of corporate ads and media spamming to try to sink this common sense bill.

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[โ€“] pdxfed 5 points 1 week ago (1 children)

Homelessness is far from the only social issue of concern Just off the top of my head, I know that the covid stimulus payments in 2020 and 2021 accompanied by unemployment payments with meaningful increases through the fall of 2020 led to a historically massive decrease in child poverty in the US. Any economist, social scientist or educator would agree that the single most valuable thing we can do to improve the state of the world and reduce future problems is to invest in children's physical, social and mental health. In addition to children, people with full-time job(s), yes JOBS who still can't pay rent, or are more aggressively cutting back on groceries as they can't afford items that corporate price gouging "inflation" have rendered unaffordable in the past several years.

I agree an upper income limit would make this a more progressive tax, but considering how progressive the nature of the bill is, if the upper 5-10 % of people get $750 they won't care, but it'll mean a hell of a lot for the other 90% of folks.