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The Economic Impact of Extending Marriage to Same-Sex Couples in the District of Columbia
Abstract
Extending marriage to same-sex couples will boost the District of Columbia‟s economy by over $52.2 million over three years, which would generate increases in local government tax and fee revenues by $5.4 million and create approximately 700 new jobs. This analysis estimates the impact on business revenue and local government revenues if D.C. were to extend marriage to same-sex couples. We take into account the new legal landscape of same-sex marriage, which includes Massachusetts and Connecticut as marriage destinations for same-sex couples, along with the brief period in which California opened marriage to same-sex couples (June to November of 2008). This analysis precedes the recent expansion of marriage rights in Iowa and Vermont.
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