Report Historic Voting Measure Could Distribute 315 Billion Annually to Residents of US States Without Any Conditions

Coin Realm reports that a historic income guarantee plan could provide an astonishing $3.5 billion annually to residents if it becomes law in a U.S. state. According to The Oregonian, a measure to raise corporate taxes to directly distribute cash to Oregon residents may pass in the November vote. The plan would grant about $750 per year to each adult resident of the state, funded by a 3% tax on companies with annual sales exceeding $25 million. Under this measure, the money would be sent to anyone who resides in the state for more than 200 days a year. Proponents say they have over 135,000 signatures to put the bill to a vote, well above the minimum requirement of 117,173 signatures. The final step is for the Secretary of State to verify the signatures before the initiative goes to a statewide vote in November. Opponents are now preparing to fight the measure. The Oregon State Chamber of Commerce, the state’s leading business association, says the corporate tax hike will hit businesses hard and lead to soaring costs for goods and services. “The proposed measure would significantly increase taxes in Oregon. If it qualifies for the ballot, our organization will join the campaign against it, and we believe that when voters see the facts, they will vote to reject it.” Don’t miss a beat—subscribe to get email alerts sent directly to your inbox. Check price action. Follow us on X, Facebook, and Telegram. Surf The Daily Hodl Mix. Image generated by DALLE3.