Oregon voters have rejected controversial Ballot Measure 118, which would have created the nation’s first statewide Universal Basic Income (UBI) program, with 78.3 percent of voters saying no, according to partial results as of 8:30 p.m. Tuesday.
Measure 118 would have increased the minimum tax on corporations, distributing the tax revenue to eligible Oregon residents. Corporations collecting more than $25 million in sales would have faced an additional 3 percent tax on sales exceeding $25 million.
The measure would have given $1,600 a year to every resident—regardless of age, income, or citizenship, and including those who are incarcerated—as long as they live at least 200 days in the state….