Full bill text: https://sos.oregon.gov/admin/Documents/irr/2024/017text.pdf
TLDR; Oregon corporate tax has a minimum rate of 1%. This ballot measure would raise it to 3% and give $750 to each Oregon resident (including children).
Get ready for an Uber/Lyft level of corporate ads and media spamming to try to sink this common sense bill.
This is just an allowance and a start. If you want to fix safety nets, target increasing unemployment taxes and payout rates and getting single payer health on the ballot.
Social safety nets include having money in the bank, being able to buy groceries, saving a bit more into retirement because you have an extra $750 in your bank account, being able to pay for a prescription, to fix a flat tire to get to work, a baby sitter, childcare, some gas to go hiking or whatever you need to keep your head on straight…some social safety nets don’t need administration, just direct payments.
Fair enough.