Measure 118 is on the November ballot. Here's what the 'Oregon Rebate' would do

Measure 118, which will be on the November ballot, proposes a 3% tax on sales made by large businesses in Oregon, with the intention of redistributing the collected revenue as rebates to residents. Advocates for the measure argue that it could provide much-needed financial relief for Oregonians facing economic challenges, particularly as inflation and living costs rise. The rebate system aims to create a more equitable economic landscape, allowing residents to benefit directly from corporate profits. However, the measure has attracted criticism from various business groups and economic analysts who warn that such a tax could lead to increased prices for consumers and hinder business growth. They argue that imposing a tax on corporate sales may discourage investment and lead to job losses, ultimately harming the very residents the measure seeks to help.

As the vote date approaches, public opinion remains divided, with polls indicating a mix of support and opposition. The outcome of Measure 118 could have significant implications for Oregon's tax structure and economic future. Observers note that this measure is part of a larger trend in states considering similar approaches to taxation and social welfare.