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Archive for month: March, 2014

You are here: Home » Updates » Political Update – March 9, 2015 » 2014 » March
March 25, 2014
25 Mar 2014

Political Update – March 25, 2014

The Margins Tax Initiative will give Nevada the highest business tax rate in the nation.

Come hear about how this tax initiative threatens to stifle the progress of Nevada’s business and job market.

Please forward this email to your business associates and friends to help us protect Nevada’s businesses and jobs.

Keystone Annual Luncheon

Keystone will host
The Coalition to Defeat the Margins Tax
and
State Senate Minority Leader
Michael Roberson,

who will be giving an update on the Senate Rpublicans efforts to take the majority

The Margin Tax Initiative is a job-killing measure on the ballot this November. If passed, it would give Nevada one of the highest business tax burdens in the nation, the equivalent of an average 15% net corporate income tax rate. This deeply flawed and costly initiative would institute a new 2% tax on gross revenue for any business with revenue over $1 million. However, the first million is still subject to the tax. If you have one dollar in gross revenue over $1 million, you pay 2% based on all of your gross revenue. Profit is not taken into account — even if you are operating at a loss, you still pay the new tax!

April 9, 2014
12:00 PM to 2:00 PM
Silverton Hotel
3333 Blue Diamond Rd,
Las Vegas, NV 89136

$35 per person

(Keystone member price)

$40 per person

(Non-Member price)

Please RSVP
By Email To: Info@KeystoneNevada.com
By US Mail To:
P.O. Box 93596
Las Vegas, NV 89193-3596
By Phone To: 702-952-2456
 

Download The RSVP Form Here

 




Keystone’s Mission:

To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services.

Keystone’s Goals:
  • To focus on candidate support on state legislative races and the governor’s office.
  • To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.
  • Support limiting Nevada state government spending to the rate of population growth.

“Increasing taxes on job creators will not put people back to work.“ – Las Vegas Review-Journal

EDITORIAL: Destructive tax

Las Vegas Review-Journal

Nevada needs jobs. Increasing taxes on job creators will not put people back to work. It will discourage job creation and, without question, cost untold numbers of workers their jobs when struggling companies are forced to close their doors.

It defies common sense that, in pursuit of a massive infusion of public dollars for schools, Nevada’s teacher unions would qualify for November’s ballot a tax that would make a state with crippling unemployment significantly less attractive for business investment. The margins tax, now known as Question 3, would hit all businesses with more than $1 million in annual revenue with a 2 percent levy. Even money-losing businesses, which are too common in Nevada, would be hit by the tax.

The Nevada State Education Association estimates the tax will transfer about $400 million per year from the private sector to the public sector, but studies on behalf of industry show the levy will do far greater economic damage. The Guinn Center for Policy Priorities pegs annual tax revenues at $460 million, while Applied Analysis estimates collections of between $650 million and $750 million.

Read the full article here

If you’re having trouble viewing this email, you may see it online.
 
in Political Update /by webmaster/#permalink
March 18, 2014
18 Mar 2014

Political Update – March 18, 2014

The Margins Tax Initiative will give Nevada the highest business tax rate in the nation.

Come hear about how this tax initiative threatens to stifle the progress of Nevada’s business and job market.

Please forward this email to your business associates and friends to help us protect Nevada’s businesses and jobs.

Keystone Annual Luncheon

Keystone will host
The Coalition to Defeat the Margins Tax
and
State Senate Minority Leader
Michael Roberson,

who will be giving an update on the Senate Rpublicans efforts to take the majority

The Margin Tax Initiative is a job-killing measure on the ballot this November. If passed, it would give Nevada one of the highest business tax burdens in the nation, the equivalent of an average 15% net corporate income tax rate. This deeply flawed and costly initiative would institute a new 2% tax on gross revenue for any business with revenue over $1 million. However, the first million is still subject to the tax. If you have one dollar in gross revenue over $1 million, you pay 2% based on all of your gross revenue. Profit is not taken into account — even if you are operating at a loss, you still pay the new tax!

April 9, 2014
12:00 PM to 2:00 PM
Silverton Hotel
3333 Blue Diamond Rd,
Las Vegas, NV 89136

$35 per person

(Keystone member price)

$40 per person

(Non-Member price)

Please RSVP
By Email To: Info@KeystoneNevada.com
By US Mail To:
P.O. Box 93596
Las Vegas, NV 89193-3596
By Phone To: 702-952-2456
 

Download The RSVP Form Here

 




Keystone’s Mission:

To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services.

Keystone’s Goals:
  • To focus on candidate support on state legislative races and the governor’s office.
  • To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.
  • Support limiting Nevada state government spending to the rate of population growth.

“Several companies considering relocating to Nevada have indicated to us they are delaying their relocation decision pending the outcome of this initiative, and some have also indicated that they will not move to Nevada if this initiative passes..“ – Mike Kazmierski, President/CEO of the Economic Development Authority of Western Nevada

Mike Kazmierski: Margin Tax will hurt job-creation in Nevada

Mike Karmierski
President/CEO of the Economic Development Authority of Western Nevada

While Economic Development Authority of Western Nevada is very selective in engaging in political issues and initiatives, after a thorough investigation into the Margins tax — The Education Initiative, the EDAWN board concluded that this initiative will have an adverse impact on EDAWN’s ability to effectively accomplish its primary mission: quality job attraction, retention and entrepreneurial job creation.

As the primary organization in the region with the mission of quality job creation, the perspective of EDAWN on this initiative is simply: How does it affect our ability to accomplish our mission?

EDAWN agrees that our education system is significantly underfunded in comparison to the national average. Yet, in our view, there is no assurance that the initiative will improve education and there is no provision in the initiative to address the school infrastructure needs in our region.

 

If you’re having trouble viewing this email, you may see it online.

 

in Political Update /by webmaster/#permalink
March 11, 2014
11 Mar 2014

Political Update – February 25, 2014

EDITORIAL: Margins tax initiative a business killer

By Las Vegas Review-Journal 

The margins tax was a terrible idea from the moment the state teachers union put it on paper and began collecting signatures to qualify it for the 2014 ballot. But we now know the initiative is even worse than previously thought: In addition to killing jobs, the plan, if passed, creates a huge disincentive for small business growth.

The so-called Education Initiative was initially thought to exempt the first $1 million in business revenue from the 2 percent tax. The exemption appeared to ensure the state’s smallest companies wouldn’t be drilled by a huge new tax bill amid a weak economic recovery.

It turns out, the $1 million exemption isn’t a true exemption at all — it’s a tax cliff. As soon as a small business exceeds $1 million in taxable revenue (some deductions are allowed), all revenue is subject to the 2 percent rate. To put that in some perspective, imagine a small business logs $1,000,050 in taxable revenue for a given year. If the first $1 million were exempt, only $50 in revenue would be taxed by the new levy. The business owner would have a margins tax bill of $1. Instead, that additional $50 in revenue lifts the company’s tax bill from zero to $20,001. That’s someone’s job.

Read The Full Article Here


Keystone’s Mission:

To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services.

Keystone’s Goals:
  • To focus on candidate support on state legislative races and the governor’s office.
  • To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.
  • Support limiting Nevada state government spending to the rate of population growth.

Quote:

“Margins tax initiative a business killer“ – Las Vegas Review-Journal
Information About The Margins Tax Initiative

 Download The Flyer Here

Keystone Annual Luncheon Keystone will host

State Senate Minority  Leader Michael Roberson and The Coalition to Defeat the Margins Tax

The Margin Tax Initiative is a 2% gross revenue tax on large and small businesses alike. Businesses would have to pay the tax whether or not they are profitable, and regardless of whether the tax amount exceeds their net profits. Consumers would also have to pay the costs through increases in insurance premiums and utility costs and other increases to the basic costs of living. As Nevada’s economy is slowly recovering from the recession, the Margin Tax Initiative threatens to stifle the progress of Nevada’s businesses and job market.

April 9, 2014
12:00 PM to 2:00 PM
Silverton Hotel
3333 Blue Diamond Rd,

Las Vegas, NV 89136

$35 per person 
 
(Keystone member price) 
$40 per person
(Non-Member price)Please RSVP
By Email To: 
Info@KeystoneNevada.com

By US Mail To:
P.O. Box 93596
Las Vegas, 
NV 89193-3596

By Phone To: 702-952-2456
Download The
RSVP Form Here

___________________

Save The Date Keystone Annual Dinner  With Dennis Miller October 14, 2014 The Venetian Casino • Hotel • Resort 3355 S. Las Vegas Blvd. Las Vegas, NV 89109 Detailed information to follow

 

 


 

in Uncategorized /by webmaster/#permalink
March 11, 2014
11 Mar 2014

2014 Annual Luncheon

Keystone Annual Luncheon

Keystone will host
The Coalition to Defeat the Margins Tax
and
State Senate Minority Leader Michael Roberson,
who will be giving an update on the Senate Republicans efforts to take the majority

The Margin Tax Initiative is a job-killing measure on the ballot this November. If passed, it would give Nevada one of the highest business tax burdens in the nation, the equivalent of an average 15% corporate income tax rate. This deeply flawed and costly initiative would institute a new 2% tax on gross revenue for any business with revenue over $1 million. However, the first million is still subject to the tax. If you have one dollar in gross revenue over $1 million, you pay 2% based on all of your gross revenue. Profit is not taken into account — even if you are operating at a loss, you still pay the new tax! 

April 9, 2014

12:00 PM to 2:00 PM

Silverton Hotel
3333 Blue Diamond Rd,
Las Vegas, NV 89136

$35 per person
(Keystone member price)

$40 per person
(Non-Member price)

Please RSVP
By Email To: Info@KeystoneNevada.com
By US Mail To:
P.O. Box 93596
Las Vegas, NV 89193-3596
By Phone To: 702-952-2456

Download The RSVP Form Here

in Event Invitation /by webmaster/#permalink
March 11, 2014
11 Mar 2014

Political Update – March 11, 2014

The Margins Tax Initiative will give Nevada the highest business tax rate in the nation.

Come hear about how this tax initiative threatens to stifle the progress of Nevada’s business and job market.

Please forward this email to your business associates and friends to help us protect Nevada’s businesses and jobs.

Keystone Annual Luncheon

Keystone will host

State Senate Minority Leader
Michael Roberson

and

The Coalition to Defeat the Margins Tax

The Margin Tax Initiative is a job-killing measure on the ballot this November. If passed, it would give Nevada one of the highest business tax burdens in the nation, the equivalent of an average 15% corporate income tax rate. This deeply flawed and costly initiative would institute a new 2% tax on gross revenue for any business with revenue over $1 million. However, the first million is still subject to the tax. If you have one dollar in gross revenue over $1 million, you pay 2% based on all of your gross revenue. Profit is not taken into account — even if you are operating at a loss, you still pay the new tax!

Please attend our annual luncheon to hear Sen. Roberson and the Coalition to Defeat the Margin Tax Initiative outline all of the facts about this costly tax measure, answer your questions, and find out what you can do to help defeat the Margin Tax Initiative.

April 9, 2014
12:00 PM to 2:00 PM
Silverton Hotel
3333 Blue Diamond Rd,
Las Vegas, NV 89136

$35 per person

(Keystone member price)

$40 per person

(Non-Member price)

Please RSVP
By Email To: Info@KeystoneNevada.com
By US Mail To:
P.O. Box 93596
Las Vegas, NV 89193-3596
By Phone To: 702-952-2456
 

Download The RSVP Form Here

 


Save The Date

Keystone Annual Dinner

With Dennis Miller

October 14, 2014

The Venetian Casino • Hotel • Resort
3355 S. Las Vegas Blvd.
Las Vegas, NV 89109

Detailed information to follow




Keystone’s Mission:

To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services.

Keystone’s Goals:
  • To focus on candidate support on state legislative races and the governor’s office.
  • To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.
  • Support limiting Nevada state government spending to the rate of population growth.

“If you want less of something, tax it.” Andy Matthews, Nevada Policy Research Institute 

Bring out your stories

Andy Matthews
Nevada Policy Research Institute 

As the old adage goes, “If you want less of something, tax it.”

Unfortunately for you, me and every business and employee in Nevada, the teachers union is seeking to reduce economic growth at one of the worst possible times — when tens of thousands of Nevadans are underemployed or unemployed and struggling to support their families.

The union’s latest effort is the margin-tax proposal, and if you’ve followed NPRI’s work over the last three years, you know the deceptively billed “Education Initiative” is nothing more than a thinly veiled attempt to exploit the children of Nevada to further pad the government’s bank account.

The margin tax would impose a 2 percent tax on every business bringing in more than $1 million in annual revenue. That’s less than $2,740 in sales — not profit — a day.

Nevada’s margin-tax proposal is modeled after the margin tax in Texas. After Texas imposed a margin tax in 2007, roughly 20 percent of small businesses reported that they had to lay off employees, and another one-third reported they left jobs unfilled because of the margin tax. 

Read the full article here

 

in Political Update /by webmaster/#permalink
March 5, 2014
05 Mar 2014

Political Update – March 5, 2014

Nevada’s tax burden is higher than you think

Authorities take more than $30K per household every two years

By Geoffrey Lawrence
Nevada Policy Research Institute 

In Carson City, state lawmakers are considering whether to impose a “margin tax” on business.  For businesses taking in more than $2,740 a day in revenue, it would tax every dollar coming into a firm — except those falling under a complex, lawyer-pleasing array of possible deductions.

Texas is the only state that has a margin tax, one lawmakers there created in 2006.  The Texas experience has demonstrated it’s a problematic tax instrument — introducing more serious economic distortions and disincentives than do alternative tax instruments yielding the same amount of revenue.

But, the big question is: Can Nevadans afford a new tax?

Whether tax dollars are remitted by businesses or directly by individuals, all taxes are ultimatelypaid by individuals.  Business taxes just tax individuals indirectly, because, by driving up business costs, these taxes either suppress employee wages, push the prices facing consumers higher, or both. 

Read The Full Article Here


Keystone’s Mission:

To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services.

Keystone’s Goals:
  • To focus on candidate support on state legislative races and the governor’s office.
  • To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.
  • Support limiting Nevada state government spending to the rate of population growth.

Quote:

“Authorities take more than $30K per household every two years“ – Geoffrey Lawrence, Nevada Policy Research Institution

Pay of Nevada’s public-school employees, versus private sector, is 4th highest in U.S.
BLS data shows 17 point gap between K-12 and private sector income in Nevada
By Steven Miller
Nevada Journal 
LAS VEGAS — As teacher union activists push for a heavy new tax on Nevada’s private-sector employers, federal data is showing that the state’s public K-12 education sector is actually doing far better, financially, than the state’s private sector.
Read The Full Article Here

Keystone Annual Luncheon Keystone will host

State Senate Minority  Leader Michael Roberson and The Coalition to Defeat the Margins Tax

The Margin Tax Initiative is a 2% gross revenue tax on large and small businesses alike. Businesses would have to pay the tax whether or not they are profitable, and regardless of whether the tax amount exceeds their net profits. Consumers would also have to pay the costs through increases in insurance premiums and utility costs and other increases to the basic costs of living. As Nevada’s economy is slowly recovering from the recession, the Margin Tax Initiative threatens to stifle the progress of Nevada’s businesses and job market.

April 9, 2014
12:00 PM to 2:00 PM
Silverton Hotel
3333 Blue Diamond Rd,

Las Vegas, NV 89136

$35 per person 
 
(Keystone member price) 
$40 per person
(Non-Member price)Please RSVP
By Email To: 
Info@KeystoneNevada.com

By US Mail To:
P.O. Box 93596
Las Vegas, 
NV 89193-3596

By Phone To: 702-952-2456
Download The
RSVP Form Here

___________________

Save The Date Keystone Annual Dinner  With Dennis Miller October 14, 2014 The Venetian Casino • Hotel • Resort 3355 S. Las Vegas Blvd. Las Vegas, NV 89109 Detailed information to follow

 

 

in Political Update /by webmaster/#permalink

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Keystone’s Mission:

To recruit, support and advocate for candidates for public office who support private sector job creation, low taxation, a responsible regulatory environment, and effective delivery of essential state services.

Keystone’s Goals:

To focus on candidate support in state legislative races and the governor’s office.

To oppose any form of corporate income taxes or other business taxes that discourage capital investment and therefore job creation.

Support limiting Nevada state government spending to the rate of population growth.

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