As a matter of policy, the “best” tax is one that does the least possible harm to the economy and to its citizens. With this in mind, lawmakers should continue to focus on delivering tax relief, while shifting from property taxes to consumption-based taxes for the long term.
Supermajority Solutions for Texas Taxpayers
Texas bond elections often pass with low voter turnout and simple majorities, driving up local debt as a result. Raising voter approval thresholds could protect taxpayers and ensure a stronger consensus for public spending. Key points: Even though tax relief has been funded at the state level, increased debt at the local level has led...