It's bad, obviously, for consumers, driving up the cost of goods, and as Congresswoman Titus said, it's bad for taxpayers. In Nevada alone, we saw an $80 million in tax revenue loss just in 2022 [due to organized retail crime]. And most importantly, it's bad for public safety, it's bad for employees, and obviously our national security. We're seeing transnational criminal organizations funnel some $70 billion of illicit proceeds annually back into their criminal operations. (00:52–01:00)
CLAIM
Asserts that Nevada lost $80 million in tax revenue in 2022 due to organized retail crime.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
