By November 5, 2024, Oregon voters will have their say regarding an universal income proposal included in this year’s ballot as Measure 118: Corporate Tax Revenue Rebate for Residents Initiative.

If successful, Measure 118 would result in an increase of the corporate minimum tax on sales exceeding $25 million by 3%, removal of the minimum tax cap, and distribution of the increased revenue to Oregon residents who spend more than 200 days in the state. Supporters of Measure 118 refer to it as the ‘Oregon Rebate,’ their website says: $1,600 for every Oregonian, every year, which could come in the form of a tax credit or a direct payment. Measure 118 opponents, on their website, say it would impose the largest tax increase in Oregon history, hurting the economy and driving up costs for businesses and consumers.

The City Club of Eugene has invited representatives of both campaigns to present their case to our community and help voters better understand the measure before casting their votes. This forum will be moderated by Rachael McDonald of KLCC.