Oregon businesses are spending millions to oppose a ballot measure that would give every resident a $1,600-a-year basic income

Oregon businesses are spending heavily to oppose a measure taxing corporations to fund resident rebates, with bipartisan concerns over potential budget impacts looming large.

Democratic Gov. Tina Kotek indicated that while Oregon Measure 118 may appear appealing, it poses a flawed strategy that threatens to significantly weaken state budget and essential services.

The Oregon Rebate aims to establish a yearly $1,600 income for residents, drawing from a 3% tax on corporate sales exceeding $25 million, but faces tough opposition.

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