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Posted At : June 3, 2009 11:41 AM | Posted By : D McKee
Related Categories:
Economy,Taxes,Politics
You're used to my griping that the state of Nevada is, economically, a two-legged stool resting on a pair of unstable supports: gambling revenue and retail sales. The wretched excuse for a budget that just emerged would actually increase that reliance. Rather than review the incredibly depressing 2009 Legislature in anything resembling detail, I'll turn over the discussion to two real experts, bloggers Hugh Jackson and Chuck Muth.
In the Vegas One video, Muth opens an interesting line of argument for casinos to pursue in 2011, in hopes of obtaining tax relief -- or, at minimum, parity. He says that some over-taxed businesses (read: gaming) could call out the mining industry and others on grounds of simple fairness, saying: We'll pay our fair share but we want a level playing field.
Dunno if it'll work but it's worth running up the Carson City flagpole. The end result of the prolonged Jello wrestling match between Gov. Jim Gibbons and the Lege was a budget only slightly less penurious than what Midnight Jim originally proposed. (See sidebar.) So who really won?
But ... never again let it be said in re Nevada, "Growth pays for itself."
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