Posted on 11/23/2007 7:18:51 AM PST by rellimpank
Recently MGM chief Terry Lanni delivered remarks to the Nevada Development Authority concerning the "chaos" of the state's economy. It's quite understandable why Mr. Lanni took time to address this important public policy issue; after all, there are at least two ballot initiatives being readied to sock the gaming industry with a huge new tax hike. But in many ways, gaming has only itself to blame.
The industry has been appeasing the Big Government crowd for decades now by supporting one tax hike after another, as Mr. Lanni himself acknowledged in his remarks. Indeed, Mr. Lanni proudly rattled off multiple tax hikes the industry has supported over the past 20 years: A 1986 hike in estate taxes; a 1987 gaming tax hike; a 1991 sales tax hike and a new employee head tax; a 1993 sales tax hike; a 1993 room tax hike; a 1996 property tax hike; a 1997 sales tax hike; a 1997 room tax hike; a 2002 tax hike on developers, aviation fuel and retail sales; a 2004 sales tax hike. And in 2003 - four short years ago and the year of the mother or all tax hikes in Nevada - Mr. Lanni noted that "gaming supported several potential taxes," including a gross receipts tax.
(Excerpt) Read more at nevadaappeal.com ...
They should be careful, what is Nevada without the gaming industry???
Here in Florida, Gov. Crist made an agreement with the Seminole tribe that they could build casinos in South Florida. He did it in the dead of night, after promising in the campaign that he would not.
Typical lib.
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