The Joint Taxation hearing has just begun in Carson City. Both the Senate and Assembly Tax Committees are meeting in joint session today from 1:30 to 3:30 and then again from 5-8.
The purpose is to have a public forum whereby various groups who are “affected” by Nevada’s tax structure can offer their thoughts and solutions.
First up is PLAN, the Progressive Leadership Alliance of Nevada. They are arguing that mining companies and other wealthy business owners are not paying their fair share and, therefore, the poor and middle class end up picking an unfair share of the tab.
One argument that has been made is that large corporations pay corporate profits tax in 47 other states and that we, as Nevadans, don’t benefit from any of it. It could be argued, however, that Nevadans may be paying for the tax policies of other states.
Imagine if several of those 47 states got rid of their corporate profits tax, don’t you think that would allow Wal-Mart or other national retailers to lower their costs nationwide?
Lastly, one of PLAN’s main complaints is that large corporations come into Nevada, make a lot of money off of us, and then ship it out of state to build schools and roads elsewhere.
How did PLAN gather all of this information and put it together for their report? They shipped some funds, paid by Nevadans, to Chicago to hire a consultant.
My scheduled time to address the committee is 6:45 this evening. Stay tuned…