GET THE DETAILS
Read the full text of the Oregon People's Rebate
It's a beautiful, beautiful thing.
They're not reading the actual document, but you get the picture.
The Oregon People's Rebate will rebate about $750 to every Oregonian. The rebate is funding by raising the minimum tax on corporations' sales (income) after $25 million. The minimum tax for these is currently less than 0.12%. The Oregon People's Rebate raises the minimum tax to 2.5%.
Economic impact to you and your family
Spoiler alert: It will probably make a big difference.
This happy family could be getting about $2,250 a year.
The Oregon People's Rebate (2020) rebates about $750 to every person in Oregon, funded by increasing the minimum tax on sales (income) of huge corporations after $25 million to 2.5%.
The Oregon People's Rebate (2020) would make a huge difference in most households. For example, for the median Oregon household (3 people, earning $56,116), The Oregon People's Rebate is like a non-taxable 4.0% pay bonus.
What would the Oregon People's Rebate be worth to your family?
Economic impact per household (approximate equivalent % pay bonus)
Economic impact to your business
It's a solid benefit for Mom and Pop operations.
Cheers to more happy hours.
Your big, medium, or "Mom & Pop" businesses will almost certainly benefit from the economic stimulus in your community and will not be subject to the higher minimum tax.
All of your customers will have $750 more disposable income, and your business will not be subject to the 2.5% minimum tax unless your sales are over $68,493 every single day of the year.
The Oregon People's Rebate (2020) is funded by increasing the minimum tax that huge corporations pay to 2.5%. What do we mean by "huge?" The increased tax rate is only assessed to huge corporations that do more than $25 million per year in business.
The Oregon People's Rebate also eliminates the S-Corp "loophole" for huge corporations.
Economic impact to your community
Imagine what it would mean if all your neighbors had an extra $750-ish every year.
You could do so much together.
Because the Oregon People's Rebate (2020) applies to everyone, our local economies will experience a big economic stimulus. Find your city or town below:
Economic Impact in Your City/Town
Economic Impact in Your County
Studies and articles that back us up
Citation lovers: This one's for you.
The Oregon People's Rebate 2020 is backed by research and is demonstrably necessary. Read these articles to learn more about the impact OPR 2020 could have.
Malheur Enterprise, November 6, 2019.
30% of Malheur County children live in poverty. That's 1 in 3 kids who live with constant stress and uncertainty, never knowing if they'll have food or housing. The OPR would return $22,860,000 to Malheur County residents, money that (research shows) will address the cycle of childhood poverty at all of its devastating stages.
Urban Institute, September 11, 2016
A direct rebate, like the OPR, complements services by helping families navigate the gaps in our social safety net.
The Oregonian, December 4, 2019
The Oregon People's Rebate would bring about $605,666,250 to Multnomah County every year. That's $605 MILLION that will flow to underprivileged families and small businesses.
NPR, December 2, 2019
UC Berkeley economist Eduard Miguel on aid like OPR's rebate: "[the money] goes to local businesses. They sell more. They generate more revenue. And then eventually that gets passed on into labor earnings for their workers."
The Independent, October 9, 2019
The ultra-wealthy – and the corporations they control – have escaped taxation for far too long.
The Atlantic, September 25, 2015
Direct cash assistance works: when the US experimented with a negative income tax in the mid-20th century, the result was "reduced child malnutrition, improved school attendance, and growth in household assets" (plus higher kids' test scores).
The Oregonian, January 12, 2019
It's time to stand up to the massive corporations cheating Oregonians by sneaking their profits overseas. The Oregon People's Rebate is funded by corporate sales, not corporate profits, for a reason – even Nike can't hide its sales in the Cayman Islands.
Oregon Center for Public Policy, March 6, 2019
Oregon's biggest businesses – and the elites that run them – are raking in millions while working families struggle to pay rent. It's time to make corporate giants step up and pay their fair share in taxes.
WBUR, October 28, 2019
Fact: The Oregon People's Rebate 2020 would rebate a family of 4 about $3,000 a year.