After being pummeled by doomsday scenarios from foes, The Education Initiative folks commissioned a study from UNLV that indicates significant economic benefits from the so-called margin tax.
The study, expected to be released this week, says, according to those who have seen it:
►TEI actually will increase economic activity and create jobs, including as many as 13,000 in 2016 and 10,400 jobs in 2017.
►The positive impacts from new government spending more than offset the negative impacts from the tax.
►Overall, the study concludes:Nevada’s GDP would be boosted by by $630 million to $1,020 million in 2016 and $480 million to $790 million in 2017.
The study was conducted by a team from UNLV's Center for Business and Economic Research.
UPDATED WITH STUDY ATTACHED HERE, 11:15 AM
After being pummeled by doomsday scenarios from foes, The Education Initiative folks commissioned a study from UNLV that indicates significant economic benefits from the so-called margin tax.
The study, expected to be released this week, says, according to those who have seen it:
►TEI actually will increase economic activity and create jobs, including as many as 13,000 in 2016 and 10,400 jobs in 2017.
►The positive impacts from new government spending more than offset the negative impacts from the tax.
►Overall, the study concludes:Nevada’s GDP would be boosted by by $630 million to $1,020 million in 2016 and $480 million to $790 million in 2017.
The study was conducted by a team from UNLV's Center for Business and Economic Research.
Can't wait to see the reaction.
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