Fourth District Congressional Candidate Monique DeSpain has announced her opposition to the state ballot Measure 118 that would impose the largest tax increase in Oregon history in the form of a 3% tax on the gross receipts, not just profits, of any corporation with Oregon sales of more than $25 million a year in order to send an annual check of $750 to individuals residing in Oregon for at least 200 days. The scheme, known as Universal Basic Income, has been tried and abandoned as a failure in several countries in recent years and has been funded overwhelmingly by wealthy California-based individuals and organizations, led by venture capitalist and UBI activist Josh Jones.

“I oppose the inflationary and economically destructive Measure 118 and urge voters to defeat it on the ballot this November,” stated DeSpain. “Once again, out-of-state wealthy interests are trying to dupe Oregonians into being experimented on by an expensive, damaging, radical policy. We’ve seen this movie before with the catastrophe of Measure 110, and we know it ends in disaster for working people and families. It’s time to take the ‘kick me’ sign off of our state and instead unite to pursue effective, commonsense policies for a prosperous and affordable economy for all Oregonians.”

In addition to opposition from business groups whose members would be impacted, the measure has also received opposition from across the political spectrum for its expected inflationary consequences for Oregon consumers and a forecasted reduction in government tax revenues available for funding schools, other essential services, and the state’s healthcare infrastructure. It faces particularly strong opposition from grocery retailers who typically operate on 1-3% profit margins, which would be wiped out by the 3% tax and very likely result in leading grocers closing stores and raising prices to stave off financial losses.

“The bottom line with Measure 118 is that it will cause inflation to go up and businesses to flee or go bankrupt,” said DeSpain. “With the urgent crises gripping our state and nation of unsecured borders, declining public safety, spiraling drug addiction, rising homelessness, and a crushing inflation all fueled by other failed policy experiments, the last thing citizens of the Fourth District of Oregon need right now is a failed socialist income redistribution idea adding another crisis to the list.”

A D V E R T I S E M E N T

A D V E R T I S E M E N T

“Speaking out on behalf of the Fourth District against Measure 118 is what real leadership looks like. For years, career politicians like Congresswoman Val Hoyle have rubberstamped one disastrous policy after another, and voters have had enough,” added DeSpain. “As a retired Air Force Colonel, a fighter for crime victims, and the mother of twin sons, I am ready to deploy to Congress to bring my independent leadership to fight for Oregon’s voiceless in Washington, D.C.”

This past May, the Democratic Congressional Campaign Committee moved Val Hoyle to its “Frontline” list of vulnerable incumbents, a powerful sign of Hoyle’s weakness versus the strong challenge being offered by GOP nominee DeSpain. Last week, the National Republican Congressional Committee (NRCC) named Monique DeSpain to their Young Guns Program, recognizing her campaign as one of the best and strongest in the country and making OR-04 a key flip opportunity for national Republicans. DeSpain has challenged Hoyle to six debates in six counties in the 4th District, to which Hoyle has so far failed to agree.


--Staff Reports

Post Date: 2024-08-31 12:42:02

Last Update: 2024-08-31 13:33:52