The Potential Economic Impact of Legislation Restricting Voter Access on Business Activity in Texas
I am a member of the Texas Democratic Lawyers Association and the Harris County Democratic Lawyers Association. The HCDLAA has some fun CLE events and todays was very interesting where we had one of the top economists in Texas discuss issues including the effect of the Texas voter suppression laws on the Texas economy. Here is the the link to the summary of the study https://www.perrymangroup.com/media/uploads/brief/perryman-the-potential-economic-impact-of-legislation-restricting-voter-access-on-business-activity-in-texas-04-09-21.pdf Here is the link to the full study https://www.perrymangroup.com/media/uploads/brief/perryman-the-potential-economic-impact-of-legislation-restricting-voter-access-on-business-activity-in-texas-full-04-09-21.pdf
This is from the summary
The Perryman Group estimates that measures restricting voter access would lead to a total decrease in business activity from lower earnings & employment losses and reduced household purchasing power in the state by 2025 of an estimated -$14.7 billion in annual gross product and a loss of -73,249 jobs including multiplier effects. By 2045, these losses rise to a projected -$155.8 billion in annual gross product and -594,722 jobs. Cumulatively over the 2021-45 period, measures restricting voter access could be expected to lead to total losses in gross product of just over -$1.5 trillion as well as almost -6.9 million jobyears of employment.
Measures restricting voter access could also cause a decrease in tourism and economic development in the state. The Perryman Group estimates that combined tourism and economic development losses from these measures would lead to a total decrease in business activity in the state by 2025 of an estimated -$16.7 billion in annual gross product and -149,644 fewer jobs including multiplier effects. By 2045, the economic losses increase to a projected -$90.3 billion in annual gross product and -596,158 jobs. Cumulatively over the 2021-45 period, measures restricting voter access could be expected to lead to total losses in gross product of -$1.1 trillion as well as more than -7.6 million lost job-years of employment.
Business activity generates tax revenue, and any decrease in business activity leads to a decrease in tax revenue. The economic losses associated with measures restricting voter access would generate a notable decrease in tax receipts to the State and local government entities including cities, counties, schools, and special districts. The Perryman Group estimates that the total annual fiscal losses associated with measures restricting voter access due to decreased earnings & employment and household purchasing power losses would be -$832.0 million to the State and about -$454.6 million to local government entities by 2025, rising to over -$9.1 billion to the State and almost -$4.2 billion to local entities by 2045.
I know that this study will come up when Greg debates Beto or when Dan Patrick debates Mike Collier Mike may have attended this event
