"Gay Marriage Could Give The Economy A Much-Needed Boost" Huffington Post
http://www.huffingtonpost.com/2012/05/10/gay-marriage-economy_n_1506127.html?ncid=edlinkusaolp00000003
Gay Marriage Could Give The Economy A Much-Needed Boost
Huffington Post
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If President Obama's endorsement of gay marriage does convince more states to follow suit with full-fledged legislation, it could free up a lot of cash along the way.
That's because gay marriage would be a shot in the arm to the economy, writes Matt Yglesias at Slate. "Weddings are expensive," Yglesias writes, "so a sudden change in the legal framework would be a shock to economy-wide aggregate spending as a whole bunch of long-standing committed same sex couples rushed to celebrate with friends and family."
As HuffPost's Mark Gongloff points out, gay marriage is also deficit-friendly: No government spending, just a whole bunch of people getting married.
All those legally sanctioned gay weddings would theoretically mean gay couples would spend more money getting married. And, bonus: Gay couples would also save money if same-sex marriage is legalized at the federal level. As HuffPost's Catherine New reported earlier this year, married same-sex couples must file two sets of income tax returns in order to comply with various state and federal laws, making the process more expensive. That inability to file a joint federal tax return also means married gay couples with large enough income disparities would be ineligible for certain tax breaks and deductions.
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