Is it worth $8.5 billion and 185,000 jobs?
The Texas economy stands to lose $8.5 billion and 185,000 jobs if anti-LGBT legislation passes in next year’s session, according to an analysis from the Texas Association of Business, the state’s chamber of commerce.
The TAB analysis is based on actual or projected losses in four states where lawmakers have passed or considered anti-LGBT legislation in recent years — Arizona, Indiana, Louisiana and North Carolina.
TAB determined that anti-LGBT legislation would cost Texas roughly 0.5 percent of its gross domestic product, mostly from decreased travel and tourism. The analysis cites hundreds of millions of dollars worth of potential losses related to events such as the Super Bowl, NCAA championships and Austin’s South By Southwest festival, in addition to reduced investments by major employers including Apple, Google, Marriott, IBM and PayPal.
“We’ve done our homework, and we feel very confident in the numbers,” TAB President Chris Wallace told the Observer. “There will be a significant economic impact in Texas if we continue down this path of legislation that is very much discriminatory. Why go there when we’re one of the top states in which to do business?”
Wallace, who provided a one-page executive summary of the analysis to the Observer, said TAB’s full report will be released in early December.
In September, TAB’s board overwhelmingly approved a resolution opposing anti-LGBT legislation. But the state chamber’s position appeared to have little impact on Lieutenant Governor Dan Patrick, who subsequently reiterated his push for an anti-transgender bathroom bill, one of his top priorities.
A spokesman for Patrick didn’t respond to a request for comment on the TAB analysis.
Last week, the Quorum Report reported that Patrick has been pressuring business leaders to get on board with an anti-trans bathroom bill, allegedly telling them, “You’re either with us or against us.” Because they must work with Patrick on other issues affecting their bottom lines, some business leaders may be reluctant to defy him by publicly opposing an anti-trans bathroom bill.
See here and here for some background. I think we know that Dan Partick neither believes that passing an anti-LGBT bill will have any negative effect on Texas nor cares if he’s wrong. So this all comes down once again to the question I’ve been asking these business types every time one of these stories appears. Are you going to keep rolling over for Dan Patrick even though he does all these things that are harmful to your interests, or are you going to grow a backbone and stand up to him? Will you meekly support him after he pisses on your agenda because you fear him, or will you work to defeat him and elect someone who actually does care about the things you say you care about, even at the risk of making him mad at you? It’s totally your choice.