This article, written by Sandra Chereb of the Carson City Nevada Appeal, is titled “Nevada Lawmakers Set to Take Up Business Tax.” I thought that this is a good article to bring up because it is discussing some business, agenda items the Nevada Legislature will address and vote on.
The first issue discusses the possibility of imposing a marginal tax on businesses. The idea behind this tax is to increase tax revenues to support Nevada schools. It is a 2 percent tax imposed upon businesses that earn over $1 million. Even though profitable, Nevada businesses would be required to pay the tax, it is considered a margins tax. This means that the business would be able to choose the most advantageous way to pay the tax and help fund Nevada education. According to the Nevada State Education, tax revenues for Nevada’s funding for education would increase to around $800 million. I think that this is a worthwhile tax for Nevada businesses, earning at least $1 million, because of how much additional funding and support Nevada’s education would receive. Additionally, by increasing funding for education would ultimately result in brighter, competitive students, achieving higher degrees and becoming successful business people. This tax would, essentially, be an investment for the future of Nevada business and industry.
Another issue on the agenda for the Nevada legislature is a bill affecting the Millennium Scholarship program, a state-funded program. This bill would ban chronic, high school cheaters from the Millennium Scholarship. This bill is an example of how state funds can be used and of whom it can support/benefit. I think that this is an important bill to be discussed because only students who earn the required GPA should receive the money. It is a bill that will protect student ethics and integrity. Students earning the Millennium Scholarship should not be consistently cheating, or have a high school record of academic dishonesty. How would you feel if you worked hard and earned $10,000, achieving the best possible grades, while somebody else received $10,000 for cheating, basically doing nothing? I believe, by setting a precedent for ethics and integrity during high school, before becoming admitted at a higher education institution, results in a more honest and ethical workforce. This precedent also helps to maintain the prestige and reputation of top businesses, companies that hire the best, brightest, and reliable candidates, like Deltasigs!
The last issue, I will summarize, relating to government and business, is a bill of which imposes a gradual fine for children and teens possessing and/or buying tobacco products. One of the questions that I have, playing the role of a Nevada legislator, is how would the fine revenue be used? Would it be used to support the government’s general fund? Or, would there be a special purpose for the proceeds of the fine revenue?
There are also a couple of other interesting issues up for discussion among the Nevada legislature. These are very interesting times the Nevada legislative body is facing.
Here is the link to the article: