a service of the Nevada Policy Research Institute

a service of NPRI


Also in this issue:

 Getting Nevada onto Sound Fiscal Policy

The Loophole in the new Real Property Transfer Tax

 The campaign to destroy Nevada’s right to work law

The Myth of Too Little Health Insurance

The Unimpressive Origins of U.S.
Health Care Policy

Subscribe to BUSINESSNevada

Vol. 1, No. 2

 

In the Last Issue:

Who REALLY pays Nevada’s business taxes?

What REALLY happened with Washington State’s minimum wage hike?

On getting our
clock cleaned

The reason for BUSINESSNevada
and
why this issue is being sent to you: click here

 

Report: Guinn, Buckley push property tax for social programs

As Nevada’s property-tax crush bears down on homeowners, Gov. Kenny Guinn and Assembly Democrats have quietly agreed to expand State of Nevada spending obligations funded by the property tax, BusinessNevada has learned.

Three or four new social-service programs would be launched under a plan developed by an interim subcommittee headed by Assembly Majority Leader Barbara Buckley. At least two of the programs have already been publicly endorsed by Gov. Kenny Guinn in his proposed Medicaid budget.

Driving the entire campaign is the prospect of getting millions of new matching federal dollars for state government to spend. Under the Buckley plan, state property tax revenues that currently support indigent medical care under two state accounts -- Indigent Accident Fund (IAF) and Supplemental Fund (SF) -- would be directed elsewhere. [more]


Nevada Taxpayers Association
Getting Nevada onto
Sound Fiscal Policy

 The Guinn administration and members of the Nevada Legislature got a gentle reminder last week that their collective history of ignoring the business cycle means chronic hardship for Nevada taxpayers.

In a 12-page paper, Recommendations for a Sound Fiscal Policy, Nevada Taxpayers Association President Carole Vilardo wrote that at the very time that Silver State taxpayers' income is reduced or stagnant, they are "often asked to contribute more to maintain government budgets; yet, when their income is improving, they do not see any attempt to reduce their tax liability."

Recommendations include 11 budget reforms, 10 expenditure reforms and 23 miscellaneous reforms. Download the NTA report
 


Las Vegas Review-Journal

The loophole in the
real property transfer tax

Do you have to pay the tax?

Large corporations have found a loophole in Nevada law that allows them to avoid paying millions of dollars in real property transfer taxes, a Las Vegas developer tells the Las Vegas Review-Journal [the story]



Commentary from NPRI

How much carnage?

Just how much damage do proponents of “compassion” get to inflict, anyway?

It’s an increasingly important question here in Nevada, where, whenever you turn around, someone is always mongering “compassion” to rationalize some new scheme of government confiscation or coercion.

A current example is the chant by the AFL-CIO that jacking up Nevada’s legal minimum wage is the way for the state to “fight poverty.” Testifying before lawmakers, union bosses cite Washington state as their model for what the Silver State should do.

Washington voters in 1998 approved an initiative not only raising that state’s minimum wage but also tying it to changes in the federal Consumer Price Index. AFL-CIO operatives told Washingtonians—just as they told Nevadans during last year’s campaign here—that a big hike in the minimum wage would decrease poverty. [the commentary]

 


Subscribe to BUSINESSNevada

Know business people interested in these issues?
Forward
BUSINESSNevada!