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Nevada Republicans Want New Mining Tax

Republicans in the Assembly are taking a similar position to that of the governor and are distancing themselves from the pro-mining tax Senate Republicans.

Nevada Democrats have vowed to find more money for education, but they have not rushed to take a stance on the idea of higher mining taxes. Such a measure, if successful, would not go into effect until 2015, and Democrats are reportedly focused on getting money sooner rather than later.

However, a measure to milk miners for more money is expected to be popular among Nevada's urban voters. Mining is commonly viewed as rural business that benefits individuals in those areas.

“We are proposing that we can give voters a choice about how we generate more revenue to fund education in our state,” said Roberson in a press release.

 

Securities Disclosure: I, Michelle Smith, hold equity interests in Goldcorp.

Nevada Republicans Want New Mining Tax from Gold Investing News

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