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Pros And Cons Of The Margins Tax - Is It Right For Nevada?

This November, voters will be asked to approve a tax to help fund education.

Upon approval, the Nevada Margin Tax for Public Schools Initiative would institute a two percent margin tax on businesses operating in Nevada. Opponents of the measure, however, say it is a jobs killer that won't necessarily lead to higher spending on education.

Revenue from the tax would be allocated to public schools from kindergarten through high school, and kept in the State Distributive School Account.

If approved by voters, the margin tax would start to accrue on Jan. 1, 2015.

Proponents say the measure will provide much-needed funds to underfunded schools. Nevada voters tend to shy away from measures that would raise taxes. But, they are also getting tired of having schools that are at the bottom of almost all the national achievement lists.

So will they vote yes, and risk jobs? Or vote no, and kick the education funding can down the road yet again?

GUESTS

Glenn Cook, senior editorial writer, Las Vegas Review-Journal

Daniel Hart, campaign manager, The Education Initiative
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