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Published Wednesday, Dec. 8, 2010 | 1:25 p.m.
Updated Wednesday, Dec. 8, 2010 | 1:26 p.m.
Assemblywoman Peggy Pierce, D-Las Vegas, said today she’ll introduce a bill creating a corporate income tax targeting big box retailers, a measure that individual Democrats have long touted but that has failed to garner significant support in the Legislature.
The measure would establish a rate that is lower than rates in surrounding states and would exempt small businesses, Pierce said in a written release.
“Shared sacrifice is a good idea,” Pierce said of Governor-elect Brian Sandoval’s position that all state agencies will need to endure cuts in the face of an estimated $2.2 billion shortfall. “It is time for big business to share in the sacrifice.”
The Nevada State Education Association was quick with a press release applauding the proposed legislation as a way to fund education in Nevada.
While individual Democrats have repeatedly campaigned for a corporate income tax, it’s never been a serious part of any tax debate in the Legislature.
It will be interesting to see how many conservatives choose Wal-mart over Nevada's schoolchildren.
This won't fly because it exempts certain business. The large companies will sue that the tax is discriminatory and will win.
Emthree; It's not a choice of Wal-mart over Nevada's school children. Where do you think the Wal-marts are going to get the funding to pay the tax?
This is the aggravating part about our legislators. The funding comes from us, no matter which way you cut it we pay for it. Instead of being upfront, we get hit with taxes from every direction, and price increases for the items we buy to cover those tax increases.
Before any increase is even discussed we need to look at the expenses. The AG just found double dipping by state employees. Clean house first, and then determine what is needed.
Emthree - yes it will. My bet is that 100% of them will choose WalMart over our schoolchildren and seniors.
In Norway, every employer pay 14% employers tax based on the employees income. The employee pay 36% income tax on his or hers income. In addition to this, we pay 25% sales tax on everything we buy. - thats a 75% total. We also have one of the worlds biggest income from oil, and the nations saving (we don't have any national debt) is $500.000.000.000. The government sais its for future pensions..
Still, we don't score high either in school or healthcare, and taxes keep on rising every year. Governement spendings are always more expensive than your own.
Stay away from any increased taxes. You don't need to be conservative to know how to spend your money wisely.
There is NO TAX that is palatable to the right.
They think infrastructure, schools, fire, police, and other essential governmental services should somehow magically be performed or purchased without their financial participation.
Why continue to bleed your public servants by cutting jobs and lowering salaries? Are they solely responsible for your fiscal problems?
The impact of the cuts Nevada continues to make to many of it's essential services will bite the state in the butt big-time. Contrary to most Republican logic, there is such a thing as cause & effect; a dollar lopped off now may cost you 5 down the road; is ANY CONSIDERATION AT ALL put into the EFFECT that the cuts and proposed further cutting will have? Absolutely NONE. It's all about making numbers match on paper. That's not reasonable, and certainly not prudent.
For those that say that this proposed "Big Box" tax would be passed on to the consumer; You are not required to go to a Big Box store and make a purchase.
People make jokes about Walmart/Costco shoppers ie. trailer trash, hillbillies. low class etc. So it is obvious many big box shoppers are from lower income groups. A tax on big box stores will raise the cost of living for those least able to pay, a regressive tax by definition. This is just another organized labor guerrilla tactic in their fight to organize Walmart & others.
Pierces' proposed business tax should be called the job destruction initiative.
Organized labor wants to do for every economic sector what they've done for US auto manufacturing.
So the goal is to give us a more unstable tax base?
I LOVE MY Assemblywoman Peggy Pierce - Go Peggy, GO PEGGY! Now, let' see just how many people that call themselves "democrats" are really bid "D" "Democrats!"
Well, here's another tax scheme by the money-crazed liberals. And, the sheeple on the left buy-into it. Any corporate tax increase will be passed-on to the consumers, as always, in higher prices, and this stupid idea by the libs will ultimately hurt the very middle-class and poor people they CLAIM to care about---people who shop at big box stores out of necessity because it's all they can afford. There is nothing new here---just more of the same old liberal crap.
To gmag39: The points you make in your post are illustrative of what's gotten California into bankruptcy---just keep giving the people more and more of what they want, even if you can't afford it. If Carson City doesn't get Nevada's financial house in order by BUDGET CUTTING, we will join our socialist neighbors to the west in their misery.
If there is a business tax passed it would have to apply to all business. The tax could provide deductions and some level of exemption to small businesses but to stand up to a court challange it cannot be only on big box stores. So it won't be just Wal Mart, but Target, Best Buy, Home Depot, Lowe's, Safeway, Albertson's, Smith's, etc., and these large corporations will pass what ever portion of the tax they can on to the consumer or end user of their services. So it can be said, don't shop at their stores and you won't pay the tax but it will be unaviodable for the consumer to not pay some portion of a new business tax.
And you expected anything less from the tax and spend Democrats???
unfortunately, Mr. Hopkins is correct, in that until corporations start paying their fair share of taxes for doing business in our city, state, and country without passing on the expense to the consumer it won't truly make a difference. It would be nice if corporations were as concerned about the public good (their customers the consumers) as they were the bottom line.
About time.
People who refuse to register their cars as well as corporations who refuse to pay their fair share need to step up.
And once again, PAtrick R. Gibbons refuses to identify himself as a paid member of NPRI, a Republican think tank dedicated to ending as much government as possible and turning as much money over to the rich as possible.
It will be interesting to see what "shared sacrifice" Peggy Pierce is willing to make. How about forgoing PERS and her salary for the session, in fact how about that for all of the democrats.
But Assemblywoman Peggy Pierce must be wanting to tax all businesses at 100%. If her tax is so good for business then let her raise it all the way up to 100% and then she can give that money tot he failure schools of Nevada in a gesture of magnanimous support that only pays off the UNIONS and leaves the children of this state without an education.
Anyone who wants someone else to pay their fair share needs to pony up 100% of their income first and be fine example of why taxes are sooooooo good for this economy.
Any takers?