The fact that the largest corporations pay less (or zero) taxes in Oregon doesn’t mean that our prices are lower, it just means that for every dollar they sell these large corporations make more money in Oregon than in other states!
- Large corporations set their prices nationally (or at least regionally).
- For example, the basic cable teaser rate is $19.99 just about everywhere in the U.S., regardless of state taxes. Same for overdraft fees, electronics, food, etc.
- Previous worst-case scenario research on similar initiatives suggests a possible increase of about $600 more per family per year. The Oregon People’s Rebate is estimated to be $2,250 for the average Oregon household. Any way you slice it, Oregonians will be ahead with the Oregon People’s Rebate.