UCLA Study Assesses Economic Impact of Gay Marriage
by Charles Lemos, Sun May 17, 2009 at 04:46:30 PM EDT
Poor Michael Steele just can't catch a break. A day after declaring that gay marriage was bad for the economy, the Boston Globe publishes the findings of a UCLA study (pdf.) on the economic impact of gay marriage in California based on projections from the impact heretofore in Massachusetts. The UCLA study found that the over 12,000 same-sex marriages performed in Massachusetts since 2004 have pumped over $111 million into the state's economy.
The report from the Williams Institute at the UCLA School of Law says a typical same-sex couple spent about $7,400 on their wedding, with one in ten couples spending over $20,000.A second study by the same group found that young, highly educated people in same-sex relationships were 2.5 times more likely to move to Massachusetts after 2004 than before gay marriage became legal.
The UCLA study by Professors Brad Sears and M.V. Badgett of the Williams Institute also found that spending "by resident same-sex couples on their weddings, and by out-of-state couples on tourism and their weddings, will boost California's economy by over $683.6 million in direct spending over the next three years." Furthermore, the direct spending by resident and out-of-state same-sex couples is enough to create and sustain over 2,178 new jobs in California. And their conservative estimate is that gay marriage will generate over $55.1 million in state and local sales tax revenues and transient occupancy tax revenues.
Still I hope it will yet dawn on Michael Steele that gay marriage isn't about any economic impact but about the pursuit of happiness.
Tags: Economic Impact of Gay Marriage. Michael Steele (all tags)









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