Crypto Updates

$3,150,000,000 To Be Handed To Residents in US State Every Year – With Zero Strings Attached – If Historic Ballot Measure Passes: Report

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

A US state will hand a staggering $3.15 billion to residents per year if a historic guaranteed income program becomes law.

A measure that would increase corporate taxes to hand cash directly to residents in Oregon is likely to make the November ballot, reports The Oregonian.

The program would give every adult resident in the state about $750 each year, funded by a 3% tax on corporations with more than $25 million in annual sales.

According to the measure, the money would be sent to anyone who lives in the state for more than 200 days per year.

Proponents say they have more than 135,000 signatures to get the measure on the ballot – well above the minimum requirement of 117,173 signatures.

The final step is for the Secretary of State to validate the signatures before the initiative goes to a popular vote this November.

Opponents are now gearing up to fight the measure.

Oregon Business and Industry, a leading statewide business association, says the corporate tax raise would hammer businesses and cause the cost of goods and services to spike.

“(The proposed measure) would impose a massive tax increase in Oregon.

If it qualifies for the ballot, our organization will be involved in a campaign against it, and we are confident that when voters look at the facts, they will vote to reject it.”

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: DALLE3

Click Here to Read the Full Original Article at The Daily Hodl…