LAS VEGAS (KSNV MyNews3.com) – UNLV is distancing itself from a report by one of its research arms that favors the proposed margins tax.
Acting President Don Snyder said Friday that the report by the university’s Center for Business and Economic Research does not represent the position of UNLV.
The research center’s report touts the benefits of the tax that would raise money for education. Residents will have a chance to vote on the proposed tax in November. “So we have professors who have opposed the margin tax and I respect that,” Snyder said. “And in this case, we had some professors that came out the other way, and I respect that, but I think it's important to have a good objective review because this is a sensitive issue and I want to make sure we have, if UNLV’s name is associated with it, is how it's been positioned in the press.”
Snyder said he supports academic freedom and that the distancing of the university from the report has nothing to do with a proposal for a stadium on campus.
He has called on the Brookings Mountain West Institute to independently review the research center’s report.
A separate study released in July stated a proposed 2 percent margins tax on Nevada businesses could result in the loss of 3,610 private sector jobs in 2015. At the same time, the tax would raise $862.5 million in its first year for the state and add 1,970 public employees, the study found, for a net job loss of 1,640.
The study, commissioned by the Nevada Policy Research Institute, a conservative think tank, also stated that imposing a margins tax would reduce Nevadans’ disposable income by $240 million a year and decrease investment in the state by $7.1 million annually due to the ripple effects of levying a new business tax.
The study was conducted by The Beacon Hill Institute at Suffolk University in Massachusetts.