Skip to comments.Mo Denis to go to bat for payroll tax hike today
Posted on 05/21/2013 9:48:23 AM PDT by redreno
Perhaps nobody at the Legislature this year has been more insistent than Nevada Senate Majority Leader Mo Denis that the state must immediately put more money into Nevadas education system.
And Republican Gov. Brian Sandoval could hardly have been more clear when he said he opposes and would veto Denis bill to increase payroll taxes for education.
But Denis will make the case today that his payroll tax hike proposal is the best way to help Nevadas schools next school year.
Noting that Nevada consistently ranks near the bottom of state-by-state education comparisons, the Las Vegas Democrat is proposing increasing the states payroll tax from 1.17 percent to 1.5 percent for big businesses and to 2 percent for the mining industry.
Businesses with less than $250,000 in annual payroll would be exempt, as they currently are.
(Excerpt) Read more at lasvegassun.com ...
From what I have heard, a mineral extraction tax would be the smartest way to increase revenue, assuming one thought increasing revenue was a good thing.