Repealing Gay Marriage Has Cost Californians $750 Mil in Lost Revenue, So Far

photo-gaybeachweddings.comHere’s a timely report from June 2008:

Gay couples are projected to spend $684 million on flowers, cakes, hotels, photographers and other wedding services over the next three years – so long as voters don’t put a halt to the same-sex marriage spree, according to a study by the Williams Institute at University of California, Los Angeles School of Law.

During the three-year period, the researchers project that about half of the state’s more than 100,000 same-sex couples will get married and another 68,000 out-of-state couples will travel to California to exchange vows. The nuptial rush is expected to create some 2,200 jobs.

The study estimates that over the next three years, gay weddings will generate $64 million in additional tax revenue for the state, and another $9 million in marriage-license fees for counties.

That’s not the way it turned out, of course. […]

Reagan Economic Adviser: TPaw Is Lying – Reagan Tax Cuts Did Not Raise Revenue ‘By Almost 100%’

Last week, former Minn. Gov. Tim Pawlenty, the Republican presidential candidate, claimed that:

“When Ronald Reagan cut taxes in a significant way, revenues actually increased by almost 100 percent during his eight years as president. So this idea that significant, big tax cuts necessarily result in lower revenues – history does not [bear] that out.”

Former Reagan and Bush I economics official Bruce Bartlett says Pawlenty’s assertion is false:

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