Oregon Voters Say No to $1,600 Yearly Check

WASHINGTON, Nov. 7, 2024 – Oregon voters decisively rejected a ballot measure in Tuesday's election, that would have given each state resident $1,600 annually by taxing some of the largest corporations operating in the state.

With 78.8% voting against Measure 118, the Oregon Rebate failed to establish the proposed statewide “universal basic income” for every Oregon resident. The $1,600 annual UBI would have been funded by a 3% gross receipts tax on corporations with annual sales exceeding $25 million in Oregon, taxing sales rather than profits.