Texas’ franchise tax was expanded in 2008. With four years’ experience in collecting what is referred to as the “margin” tax, it is clear that abolishing the margin tax is the right “fix” for Texas.
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Chuck DeVore is the vice president of national initiatives at the Foundation. He writes about the economy and how energy, tax and regulatory policies influence general prosperity, and he frequently appears on Fox News. He also guides the Foundation’s growing national work in criminal justice reform. He authored the book The Texas Model: Prosperity in the Lone Star State and Lessons for America.
James Quintero is the policy director for the Texas Public Policy Foundation’s Government for the People campaign. Since joining the Foundation in 2008, Quintero has focused extensively on: state & local government spending, taxes, debt, public pension reform, annexation, and local regulations.
Texas’ franchise tax was expanded in 2008. With four years’ experience in collecting what is referred to as the “margin” tax, it is clear that abolishing the margin tax is the right “fix” for Texas.
“
Bring Home the Mississippi Miracle: A Texas Triumph in Early Literacy Texas lacks a coherent third-grade literacy standard and statewide implementation system. Restoring a mastery-based promotion gate and aligning coaching, screening, and funding can reverse stagnating reading outcomes. Key points: Texas removed its third-grade promotion requirement, weakening the connection between reading mastery and grade advancement....
Every even-numbered year, the state’s Legislative Budget Board (LBB) publishes a helpful, user-friendly summation of the General Appropriations Act (GAA), otherwise known as the state’s two-year budget. On Wednesday, the LBB published the next iteration—its 2024-25 Fiscal Size-Up. From a 30,000 ft. level, this new report provides “a comprehensive review of how tax dollars were...
Every year, local governments in Texas spend millions upon millions to influence state-level policymaking. These advocacy campaigns are funded with tax dollars and often employ external lobbyists (i.e. registered lobbyists), internal lobbyists (i.e. intergovernmental relations personnel), and pro-government associations (i.e. Texas Municipal League, Texas Association of Counties, Texas Association of School Boards, etc.). One local...