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New Century Economy Jobs Agenda. Jon Barela Cabinet Secretary Economic Development Department. October 29, 2012. Federal Entitlement Spending from 1960 to 2012, in Trillions. Credits, Deductions, Exemptions by Category, in Millions (FY12). Source: Legislative Finance Committee
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New Century Economy Jobs Agenda Jon Barela Cabinet Secretary Economic Development Department October 29, 2012
Federal Entitlement Spending from 1960 to 2012, in Trillions
Credits, Deductions, Exemptions by Category, in Millions (FY12) • Source: Legislative Finance Committee • *Other: food GRT deduction, tribal cigarette exemption
Regional Corporate Income Tax Comparison • Source: Tax Foundation • Nevada, Texas and Wyoming have no Corporate Income Tax
The New Century Jobs Agenda • Single Sales Factor • Corporate Income Tax Reduction • Local Economic Development Act (LEDA) - $10 million • Job Training Incentive Program (JTIP) - $4.75 million • Capital Outlay Reform • Spaceport Informed Consent • MainStreet Investment • Additional Legislation Possible