Here is the statement issued yesterday by the Nevada Resort Association, reacting to the Clark County Education Association’s proposal to ask voters to raise Nevada’s tax on gambling revenue.
“By targeting Nevada’s economic engine with a 44 percent tax increase, this proposal would be very damaging to the state’s economy, job creation, capital investment and future economic development. Let’s be very clear, the gaming industry has consistently supported a broad-based business tax to support public education and has a long history of investing in and supporting our schoolchildren. As a matter of sound and equitable policy, broad-based taxes are a more stable revenue stream than the volatility that comes with depending on a single industry.“
As Nevada’s largest industry, we generate nearly $68 billion annually for state’s economy, pay almost 40 percent of the state’s general fund revenue and support more than 450,000 jobs statewide. Unfortunately, one of the teachers’ unions has chosen a path of higher pay at the expense of tens of thousands of other jobs throughout the state.”
It looks like Nevadans are about to have a long overdue debate.