EDAWN opposes Margins Tax

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Updated: 2/27 6:56 pm
RENO, Nev. (MyNews4.com & KRNV) -- The Economic Development Authority of Western Nevada, or EDAWN, is taking a stand against the Nevada Margins Tax Initiative.

It is unusual for the agency to take a stand on a political issues, but EDAWN said this tax would be bad for growing and recruiting businesses to Nevada.

The money raised would go towards education. If approved, the measure would implement a 2% margins tax on businesses that make more than a $1 million per year. The tax has the support of the Nevada State Education Association.

EDAWN's CEO and President Michael Kazmierski says while EDAWN supports education, this measure is not the way to raise revenue. "EDAWN doesn't get involved in politics in general. We don't endorse candidates we don't get behind initiatives unless it effects our ability to do our mission and our mission."

EDAWN's opposition has company. On Thursday, Governor Brian Sandoval said he is opposed to the measure, as well.
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