Referendum 74 is Profitable for Washington State

Referendum 74 is Profitable for Washington State

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Photo: Starbucks

Washington United for Marriage (WUM) is chastising opponents for making what they call a “false business case in their effort to overturn the bipartisan marriage law.”

With 488 business endorsements ranging from small, downtown shops to iconic Washington employers like Microsoft, Starbucks, REI, Nordstrom, Google, Amazon, and Alcoa, as well as leading business organizations like the Seattle Chamber of Commerce, WUM says that opponents are “clearly seizing on arguments that fly in the face of real-life business experience and contradict studies which show that same-sex marriage would immediately contribute to the economic engine of the state.”

WUM cites a Williams Institute study at the USC School of Law wherein approximately 9,500 same-sex couples would marry within the first three years of the law, creating an $88 million boost to the state and local economy, with a $57 million boost the first year alone. In addition, the Institute concludes that those marriages would add $8 million in tax revenue to state and local coffers, with an additional $5 million in the first year. See the full study here.

“To assert that just one social indicator illustrates the fate of a States’ economic strength or weakness is to oversimplify all that should be taken into account to paint a clear picture of a region’s vitality,” said George Allen Senior Vice President for Government Relations for the Seattle Metropolitan Chamber of Commerce. “The Chamber regularly reaches out to employers and as such knows full well that fostering an open, inclusive and inviting workforce is one of the pillars to job creation and economic vibrancy.”

“This is just gobbledygook,” said Zach Silk, WUM’s campaign manager about opponents’ claims that states without the freedom to marry fare better economically. “If this were all about static economic charts, then the leading business people and corporate leaders throughout the state would not be standing behind our effort to defend the state’s marriage law and approve Referendum 74. With no one standing with them, I guess the next best thing is to throw some malarkey up against the wall and hope it sticks.”

More specifically, Iowa and New York, two states that recently passed laws allowing the freedom to marry, have seen an immediate uptick in revenue as a result.  In the first year after Iowa legalized same-sex marriage, wedding arrangements and tourism generated $12 to $13 million in economic activity and nearly $1 million in tax revenue. In the year following New York’s state passage of marriage equality, same-sex marriage generated $259 million in economic activity for New York City alone.

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  1. In the twenty years I have been building homes, I have built three homes for unmarried couples. A lifetime commitment makes that 30 year mortgage a little more comfortable. Opening up marriage to all will increase home ownership. As a builder, that sounds good to me.

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