Ballot initiative would put $750 in every Oregonian's pocket

[TexasTowelie]

The Oregon People’s Rebate would put about $750 in the pocket of every person — adult or child — in the state each year. For a family of four, that would be $3,000.

That’s the goal behind Initiative Petition 6, which would increase the minimum tax on corporations earning more than $25 million a year and divide up the revenue into a tax rebate for every Oregonian.

Supporters are currently gathering signatures in hopes of putting IP 6 on the November 2022 ballot.

Chief Petitioner Antonio Gisbert, a former cognitive neuroscientist and union organizer from Philomath, said Wednesday the rebate would boost local economies, giving customers more money to spend at local small businesses. At the same time, he said, it would make corporations who earn income in Oregon pay their “fair share.”

Read more: https://www.nrtoday.com/news/state/oregon_politics/ballot-initiative-would-put-750-in-every-oregonians-pocket/article_4f27249c-d700-5fae-90e1-06f2be29d617.html
(Roseburg News-Review)

[jimfields33]

1. Basically a tax cut in another name.