Texas Could Lose $8.5 Billion If Anti-gay Or Transgender Bathroom Laws Passed, Study Claims

AUSTIN - The Texas economy could lose up to $8.5 billion if state lawmakers pass a so-called transgender bathroom bill or other anti-LGBT legislation, a new study from the Texas Association of Business claims."We now face overwhelming data about the risk of damage to the economy and reputation of our great state resulting from legislation that would allow for discrimination," TAB President Chris Wallace said at a Tuesday press conference held outside of the state Capitol in Austin. "Business from across Texas have come together to urge the Texas Legislature to reject discrimination and embrace public policy that keeps Texas open for business."Texas Lt. Gov. Dan Patrick has made passing a so-called bathroom bill - which would ban transgender people from using the restroom that corresponds to their gender identity - a top priority during the legislative session that begins in January. Republican House Speaker Joe Straus said the legislation is not a priority for him and enterprises large and small, including the National Collegiate Athletic Association, have warned its passage could threaten ties with Texas.Related: Transgender Texans fight for rights, seek strength to overcome post-election 'tailspin'  Continue reading...