Recent Court Decisions

Cooper Howard reports on two recent SCOTUS decisions that will change government finance over time, and perhaps raise government credit scores.

The first decision requires sales tax on internet sales. Nevada is the most dependent of all states on sales tax to pay for state and local governments, so this ruling should have an exaggerated result for Nevadans. The boost in cash flow will be big. Internet sales tax revenue will be 100% paid by Nevada residents. Tourists don’t get to participate.

The second decision likely won’t have any impact in Nevada for reasons explained in the article.

Tom Mitchell Endorsement

Another endorsement for Beers, this from long-time Nevada writer Tom Mitchell:

Nevada’s next state treasurer should be Republican Bob Beers, a CPA who has served in five sessions of the Nevada Legislature and is a former Las Vegas City Councilman. He was one of the “Fearless Fifteen” who stopped Gov. Kenny Guinn from placing a gross receipts tax.

The treasurer’s job is to hold the states purse strings. Beers knows how to do that.