According to former Nevada State Archivist and historian Guy Rocha, the mining industry of Nevada Territory was so opposed to the level of mineral extraction taxation in the draft Nevada constitution of 1864, it compelled the constitutional delegates to draft new language that was much more favorable to the mining industry. Today, mining still bullies lawmakers in order to protect its unique and generous tax advantages.
In Nevada, 90% of mining is from gold, and 90% of gold mined is from two transnational mining conglomerates, Barrick and Newmont. Not surprisingly, their campaign contributions dwarf those of all other mining corporations combined. The Nevada Mining Association is the 3rd-largest contributor. They made big investments in lawmakers in 2012 and are now expecting to be repaid by having SJR 15 killed in the 2013 session.
It’s time for mining’s free ride to end.