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 donâ€™t get to participate.
The second decision likely wonâ€™t have any impact in Nevada for reasons explained in the article.