Wednesday, June 6, 2012

AFL-CIO & NSEA Corporate Tax Initiative Filed, Petitions Going Out Soon

It's here. It's finally here! This is what we've been waiting for.

The measure seeks to impose a 2 percent margins tax on businesses that gross more than $1 million annually. Money raised would be earmarked for K-12 education.

AFL-CIO secretary-treasurer Danny Thompson has been spearheading the proposal, and the Nevada State Education Association recently agreed to co-sponsor it.

Supporters will have until Nov. 13 to collect 72,352 signatures and send the issue to the 2013 Legislature. Lawmakers would then have 40 days to approve the proposal. If they reject it or fail to act, it would automatically go to voters in 2014.

Now that both NSEA and Nevada AFL-CIO are again backing the corporate margin tax initiative, they will indeed be collecting signatures for it this year. So finally, finally (!!!), Nevada voters can have a grown-up conversation on taxes, budgets, and investment in important public infrastructure (like public education!) this year.

And next year, we'll know if Carson City is ready to join in as well.

As we discussed in April, the ongoing crisis facing Nevada's public schools is giving us all a brutal reality check on what happens when we fail to properly invest in our future. Now, we finally have a chance to start correcting that. Will we seize this opportunity? We'll know once we start seeing the petitions fly.

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