As election day approaches, Oregon voters are turning their attention to a contentious ballot measure that could reshape the state’s financial landscape. Measure 118, also known as the “Oregon Rebate,” has been in development since 2018 and aims to provide every resident with a $1,600 annual rebate, making Oregon the second state in the nation to implement such a program.
The proponents of Measure 118 argue that it addresses two primary goals: increasing corporate tax contributions and distributing the resulting revenue directly to Oregonians. The measure proposes a 3% increase in the corporate tax rate for companies generating over $25 million in revenue. Organizers, including chief petitioner Antonio Gisbert, estimate that this change could generate approximately $6 billion annually.
If the measure passes, every one of Oregon’s 4.2 million residents would receive a $1,600 check, starting in 2027, regardless of income or age. This universal approach has sparked debate among voters, with some expressing concern over the lack of an income cap on the rebate, suggesting that individuals who may not need the financial assistance would still benefit.
Critics are also wary that the funds for the rebate may be drawn from the same budget that supports vital state services, including education. Gisbert counters this concern by emphasizing the need for a comprehensive program that can garner widespread support.
“The first one is that the biggest corporations in Oregon are not paying their fair share in taxes at all, so we wanted to increase those taxes,” Gisbert explained. “Then step two is what do we do with this money? We feel that putting this money, this new revenue, in the hands of everyday Oregonians and letting them use that money to the best of their abilities is the best way.”
