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Tuesday, July 29, 2008

PUTTING YOUR MONEY WHERE YOUR MOUTH IS

HOW PROPOSITION 8 READS TODAY AS OF JULY 29TH:
Proposition 8
ELIMINATES RIGHT OF SAME-SEX COUPLES TO MARRY.
INITIATIVE CONSTITUTIONAL AMENDMENT
Changes California Constitution to eliminate right of same-sex couples to marry. Provides that only a marriage between a man and a woman is valid or recognized in California.

Fiscal Impact: Over the next few years, potential revenue loss, mainly sales taxes, totaling in the several tens of millions of dollars, to state and local governments. In the long run, likely little fiscal impact to state and local governments.

Although the changes to the proposed amendment are subject to legal challenge, this summary accurately describes what the proposition will do. Prop. 8 would eliminate a constitutional right guaranteed to same-gender couples and would decrease revenues coming in to the state from marriages between same-gender couples.






Some heavy hitters are making donations to defeat Proposition 8 in November.....

Pacific Gas & Electric has donated $250,000 to defeat the anti-gay marriage ballot measure in California, reports The Los Angeles Times:

"The utility also said it will spearhead the formation of a business advisory council that will seek to get other businesses around California to to defeat the ballot initiative that would amend the state constitution to define marriage as only between a man and a woman...The donation from the utility, and the formation of the business council, represents a shift from the last time that the question of gay marriage was on the ballot, in 2000. Back then, many businesses stayed on the sidelines. This time, in addition to PG&E, other large corporations such as AT&T and Wells Fargo also have donated to defeat Proposition 8. Analysts said businesses may be more willing to get involved this time because they have more gay and lesbian employees who are out and in positions of power and because they believe the amendment could hurt business if passed, by giving the impression that California is not friendly to gay and lesbians."


AND---

Bruce Bastian, the creator of WordPerfect, wrote a $1 million dollar check at the HRC dinner in San Francisco to beat Prop 8:

"Supporters of the effort to ban same-sex marriage already have taken in more than $1.2 million from out-of-state contributors for the fall campaign. And even before Bastian, a co-founder of the WordPerfect software company, opened his checkbook, gay and lesbian rights groups and their supporters from around the country had put more than $1.3 million into the fight against the ballot initiative."




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