Texas Association of Business: Anti-LGBT Laws Would Cost $8.5 Billion and 185,000 Jobs
The Texas economy stands to lose $8.5 billion and 185,000 jobs if anti-LGBT legislation passes in next year’s session, according to an analysis from the Texas Association of Business, the state’s chamber of commerce.
The TAB analysis is based on actual or projected losses in four states where lawmakers have passed or considered anti-LGBT legislation in recent years — Arizona, Indiana, Louisiana and North Carolina.
TAB determined that anti-LGBT legislation would cost Texas roughly 0.5 percent of its gross domestic product, mostly from decreased travel and tourism. The analysis cites hundreds of millions of dollars worth of potential losses related to events such as the Super Bowl, NCAA championships and Austin’s South By Southwest festival, in addition to reduced investments by major employers including Apple, Google, Marriott, IBM and PayPal.
“We’ve done our homework, and we feel very confident in the numbers,” TAB President Chris Wallace told the Observer. “There will be a significant economic impact in Texas if we continue down this path of legislation that is very much discriminatory. Why go there when we’re one of the top states in which to do business?”
Read more: https://www.texasobserver.org/anti-lgbt-laws-cost-texas-billions/
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After all, cheap shots make them look good to their Fundie supporters in GOP--TP primaries, don't they?
