A proposed ballot measure in Oregon to tax corporations and provide $1,600 to each Oregonian annually is sparking bipartisan opposition. The measure, known as Initiative Petition 9, aims to levy a tax on corporations with a revenue over $25 million and use the funds to distribute $1,600 to every adult resident of the state.
Supporters of the measure argue that it would help alleviate financial burdens on Oregonians, especially in light of the economic challenges brought on by the COVID-19 pandemic. They believe that taxing corporations is a fair way to generate the necessary funds to provide direct cash payments to residents.
However, opponents, including both Republicans and Democrats, have raised concerns about the potential impact of the measure on businesses and the state’s economy. They argue that such a tax could deter corporations from operating in Oregon or lead to job losses. Some critics also question the fairness of distributing equal payments to every resident, regardless of their income level.
The measure is still in the signature-gathering phase, with supporters aiming to place it on the November 2022 ballot. If successful, Oregonians will have the opportunity to vote on whether to implement the tax on corporations and provide the $1,600 payments.
As the debate continues to unfold, it remains to be seen how the proposed ballot measure will ultimately be received by Oregon voters. In the meantime, both supporters and opponents are actively voicing their arguments and concerns regarding the potential impacts of the measure.
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