Recent studies are increasingly supportive of the idea that marriage equality will have not only moral and psychological impacts on the people involved, but could also bring economic prosperity to their states in the long term.
Findings by the UCLA’s Williams Institute at the School of Law this month predict that marriage equality in Rhode Island would positively affect the state budget by $1.2 million over the first three years following its legalization. The estimates are based on various factors such as increased revenue from state marriage license fees, income, and sales taxes.
Resident same-sex couples in Rhode Island would spend nearly $4 million on wedding expenses, and out-of-state visitors would generate an additional $1.35 million in spending and accommodations. Rhode Island is currently one of only two New England states that do not have marriage equality, but a bill is pending in the House and its judiciary committee held a high-profile hearing just last week.
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