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Nadurata, Joville D.

Should Same-sex marriage will be legalized in the Philippines?

Same-sex marriage is marriage between two people of the same biological sex and/or gender
identity. Although same-sex marriage is commonly referred to as gay marriage,
bisexual and asexual people may enter such marriages as well. Legal recognition of same-sex marriage
or the possibility to perform a same-sex marriage is sometimes referred to as marriage
equality or equal marriage, particularly by supporters. The legalization of same-sex marriage is
characterized as "redefining marriage" by many opponents. The first laws in modern times enabling
same-sex marriage were enacted during the first decade of the 21st century. Polls in various countries
show that there is rising support for legally recognizing same-sex marriage across race, ethnicity, age,
religion, political affiliation, and socioeconomic status.

Introduction of same-sex marriage laws has
varied by jurisdiction, being variously accomplished through a legislative change to marriage laws, a
court ruling based on constitutional guarantees of equality, or by direct popular vote. The recognition of
same-sex marriage is a political, social, human rights and civil rights issue, as well as a religious issue in
many nations and around the world, and debates continue to arise over whether same-sex couples
should be allowed marriage, or instead be allowed to hold a different status.

According to an article, legalizing same-sex marriage can be politically beneficial for lawmakers,
considering about half of Americans say they are in support of it. But marriage equality has its economic
incentives as well.
Here are 8 ways legalizing same-sex marriage is good for the economy:
1) It would help curb the deficit: A widely-cited 2004 analysis from the Congressional
Budget Office estimated that legalizing same-sex marriage nationwide would have
a small, net benefit to the national budget's bottom line.
2) It would boost tax revenues: Legalizing same-sex marriage would bring in between $20
million and $40 million more per year in taxes, according to a December paper from
University of Michigan economist Adam Stevenson.
3) It helped NYC's economy: In the first year that gay marriage was legal in New York City,
the city reaped $259 million, thanks to license fees and wedding-related spending,
according to CNNMoney.
4) It would alleviate payroll headaches for many businesses: According to PBS, many
companies argue that by not legalizing same-sex marriage, the U.S. is hindering their
competitiveness by creating more administrative hurdles. For example, states where
same-sex marriage isn't legal have different tax laws for same-sex versus opposite-sex
5) It can boost struggling state economies: If California were to legalize same-sex
marriage, it would generate $123 million for the state economy during the first three
years same-sex marriage is legal, according to a 2005 Stanford study cited by the Fiscal
Times. And the state could certainly use the money; California has been mired in a
budget crisis for years. In Massachusetts, legalizing same-sex marriage has generated en
estimated $111 million over the first five years same-sex marriage was legal, according
to CNNMoney.
6) It will cut spending on government safety net programs: Marriage makes people more
financially stable and less likely to qualify for government assistance, Bloomberg
reports. Therefore, legalizing same-sex marriage would save the government hundreds
of millions per year in welfare funding, according to Bloomberg's Josh Barro.
7) More weddings mean more money: A recent study from the Williams Institute at UCLA
estimated that same-sex weddings would boost the economies in Maine, Maryland and
Washington by $166 million over the next three years.
8) Lots of major corporations think it's a good idea: More than 60 companies, including
Apple, Nike and Morgan Stanley, signed onto a brief submitted to the Supreme Court
supporting same-sex marriage in February, according to Fortune. The companies argued
that keeping same-sex marriage illegal made it difficult for them to recruit and hire top
applicants. One major executive at Goldman Sachs almost considered leaving the
country because states' differing same-sex marriage laws put his partner's student visa
in jeopardy after they married.