Measure 118 is a proposed ballot measure in Oregon that would provide eligible residents with an annual stimulus check of up to $1,600.
This proposal, often called the “Oregon rebate,” will be up for a vote in November and has sparked widespread discussion.
If approved, it could benefit a broad range of residents, including families, low- and middle-income households, and minors.
This measure aims to support those in need by offering financial relief over three years and intends to fund the stimulus through a new tax on large businesses.
Here’s an overview of Measure 118, how it works, and the arguments for and against it.
What is Measure 118 and How Will It Work?
Measure 118 proposes giving eligible Oregon residents an annual $1,600 stimulus payment. For a family of four, this could mean up to $6,400 per year, significantly boosting household budgets and helping cover essential costs.
Payment Details
- Duration: Payments would be provided for three years.
- Eligibility: Residents must have lived in Oregon for at least 200 days each year to qualify. This ensures that those who contribute to the community can benefit directly.
- Funding Source: To fund these payments, Measure 118 introduces a 3% tax on large businesses with annual sales above $25 million. This approach aims to raise necessary funds without impacting individual taxpayers.
Supporters argue that these payments will assist working families, boost local spending, and aid Oregon’s economy.
Pros and Cons of Measure 118
Measure 118 has attracted both support and criticism. Here are some key arguments on each side.
Support for Measure 118
- Economic Relief: Progressive groups and labor unions support the measure, highlighting how it could help working families by easing financial pressure.
- Economic Boost: Supporters believe the checks will increase local spending, benefiting local businesses and potentially creating a positive economic impact across Oregon.
Opposition to Measure 118
- Business Impact: Some business groups and politicians worry that the 3% tax could lead to higher prices for consumers and discourage investment.
- Economic Competitiveness: Critics argue that Oregon’s competitiveness might suffer, as businesses might be deterred by the increased tax burden.
When Will Measure 118 Take Effect?
If Measure 118 is approved, it will go into effect in 2025. The first stimulus checks are expected in 2026. This gap allows time for the state government to set up and ensure that payments are distributed efficiently.
Focus on Low-Income Households
An important aspect of Measure 118 is its focus on supporting low-income families. According to the Legislative Revenue Office, families making less than $40,000 per year might not have to pay state taxes if the measure passes.
This provision would ensure that low-income households receive both a stimulus check and a tax break, potentially improving their quality of life by covering essential expenses.
Potential Economic Impact
Supporters believe Measure 118 could provide timely financial relief to Oregon families facing high inflation and rising costs of living.
However, opponents worry about long-term economic effects, particularly regarding the potential impact on job growth and price stability within the state.
Measure 118 could make a significant difference for low- and middle-income families in Oregon by offering financial relief through annual stimulus payments.
While the measure aims to help families manage living costs, it has also sparked debate regarding the impact on businesses and the economy. Voters will soon decide whether the proposed benefits outweigh the concerns.
1. Who qualifies for the Measure 118 stimulus check?
To qualify, residents must live in Oregon for at least 200 days each year. This applies to all eligible Oregon residents, including minors and their families.
2. How much money could a family receive each year?
Each eligible person could receive up to $1,600 per year, meaning a family of four could receive $6,400 annually.
3. When would the stimulus checks start?
If Measure 118 is approved, the first payments would begin in 2026, following its implementation in 2025.
4. How will Measure 118 be funded?
The measure suggests a 3% tax on large businesses with annual sales exceeding $25 million. This tax is expected to generate funds for the stimulus payments.
5. Why is there a debate about Measure 118?
Supporters believe it provides essential relief for families, while opponents worry it may raise prices and reduce Oregon’s appeal for business investment.
