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Archive for month: September, 2014

You are here: Home » Updates » Political Update – March 9, 2015 » 2014 » September
September 15, 2014
15 Sep 2014

Political Update – September 9, 2014

Half-baked study cooks margins tax

Glenn Cook
Las Vegas Review-Journal

Question 3, the business margins tax, is a study in overreach. So it’s appropriate and unsurprising that the most recent and likely last pre-election study on the initiative’s economic impact holds even less water than the question itself.

What was surprising, however, was UNLV delivering exactly what the question’s supporters wanted in exchange for the commission they paid to the university: an analysis that says a huge new tax on employers will boost the economy and increase overall employment.

Every other credible study says Question 3, if approved by voters in November, will immediately give Nevada one of the least-friendly business climates in the West, reduce consumers’ disposable income and wipe out thousands of private-sector jobs. The 2 percent tax on businesses with at least $1 million in annual revenues, minus deductions for the cost of materials or labor, will turn barely profitable companies into money losers and prompt some employers to close their doors. The question isn’t whether Question 3 will blast Nevada — its mere presence on the ballot is hurting the state’s efforts to attract new industry — but how badly it will damage the state’s economy if it passes.

However, UNLV’s Center for Business and Economic Research would have everyone believe that transferring private capital to government control is the path to prosperity. The conclusions were so laughable that UNLV issued a news release discrediting the Question 3 analysis upon its release this month. Acting UNLV President Don Snyder asked the Washington-based Brookings Institution to review the study and assess its quality.

As if we need verification that it stinks.

Question 3, called The Education Initiative, was placed on the ballot by the state teachers union, which asserts that a huge infusion of money will fix Nevada’s underachieving schools. The tax could take anywhere between $460 million and $860 million per year from the state’s employers.

UNLV’s study buys into the argument that increased spending will produce better results from schools, even though there is plenty of research to the contrary. The authors use this premise to assert that the benefits of improved schools and the hiring of thousands of teachers will exceed the economic harm caused by the tax, yielding a net economic benefit.

The study ignores several economic and political realities:

1. Businesses that lack the capital to reinvest can’t grow. When government employees are hired at the expense of private-sector jobs, those government positions aren’t sustainable.

Read More 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:

“The question isn’t whether Question 3 will blast Nevada — its mere presence on the ballot is hurting the state’s efforts to attract new industry — but how badly it will damage the state’s economy if it passes.“– Glenn Cook, Las Vegas Review-Journal

Letter: Vote ‘no’ on Education Initiative

Elko Daily Press

Editor:

Mr. Cooper (Letters, August 28, 2014) argues for a new business tax to fund an Education Initiative. Like many arguing for higher taxes, he assumes that government will spend the money wisely.

But facts say otherwise. A 2012 Harvard study by Hanushek, Peterson, and Woessmann was “unable to find significant evidence that increased school expenditure, by itself, makes much of a difference.”

Read More Here

Co Chairs Darren and Cheryl Wilson Invite
You to the
Keystone Annual Dinner

Honoree
Lorraine Hunt-Bono
Former Nevada Lieutenant Governor

with

Dennis Miller

October 14, 2014

Well known for his conservative political opinions Dennis is a regular political commentator on Fox News Channel’s The O’Reilly Factor. He is a stand up comedian and political commentator as well as a TV & radio personality.

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

Download The Table and Sponsorship Information Here
Email to: Info@KeystoneNevada.com
Phone to: 702-952-2456

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

in Political Update /by webmaster/#permalink
September 2, 2014
02 Sep 2014

Political Update – September 2, 2014

NPRI topples 3,610 dominoes to show margin tax destruction

New study says 3,610 people in Nevada will lose their jobs is tax is approved in November

Nevada Policy Research Institute

The Nevada Policy Research Institute recently held a demonstration for Las Vegas media to show the devastating domino effect passage of the proposed margin tax, or Question 3, will have on the Silver State’s economy, businesses and families.

According to a recent study, passage of the margin tax will mean 3,610 Nevadans will lose their jobs, destroying their means of providing for themselves and their families. NPRI hired a professional domino toppler to spell out the message “QUESTION 3 KILLS JOBS” using 3,610 individual dominoes.

Before a crowd of reporters from television and radio stations, newspapers and online publications, NPRI President Andy Matthews delivered a simple, yet eye-opening message about the tax that is being pushed almost entirely by the state teacher union.

“These jobs — of individuals and families — are not just statistics,” he said. “These are real families who will struggle to pay rent or their mortgage, or to put food on the table. Their children could well be marked forever by the family stress resulting when their moms and dads lose their jobs.”

He went on to explain that, just as he was able to topple the domino display that was eight hours in the making with a single push, so too could voters topple the lives of thousands of hard-working Nevadans with a push of a button this November.

The domino spectacle was be created by Robert “The Domino Wizard” Speca and included special effects like the Tarzan Swing, the “Bahama Tom Inverted Cascade Slide for Life” and “Up the ladder, walk the plank.” Speca originated the category of Domino Toppling in the Guinness Book of World Records and has held the World Records five times. Twenty-four mousetraps, representing the $240 million in disposable income that would be lost if the tax passes, shot dominoes into the air for the finale.

Read More 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:

“These are real families who will struggle to pay rent or their mortgage, or to put food on the table.“– NPRI

You’re Invited to a Fundraising Reception
Tuesday
Sept. 23, 2014
5-7pm
Cashman Equipment Headquarters (Henderson Training Room)
3300 St. Rose Parkway
Henderson, NV 89052
Suggested Contribution
$250 – $500 – $1,000 $2,500 – $10,000
(Donations in any amount are appreciated)
Contributions can be made via credit card at the event, through the campaign website, or with checks made payable to: The Coalition to Defeat the Margin Tax Initiative
Tax ID: 46-3624870
For More Information,
Call Tom at (702) 253-5900 or email at Tom@groundswellnv.com

Co Chairs Darren and Cheryl Wilson Invite
You to the
Keystone Annual Dinner

Honoree
Lorraine Hunt-Bono
Former Nevada Lieutenant Governor

with

Dennis Miller

October 14, 2014

Well known for his conservative political opinions Dennis is a regular political commentator on Fox News Channel’s The O’Reilly Factor. He is a stand up comedian and political commentator as well as a TV & radio personality.

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

Download The Table and Sponsorship Information Here
Email to: Info@KeystoneNevada.com
Phone to: 702-952-2456

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