By collectively limiting the size and scope of federal, state, and local governments, Texans and all Americans will have a reason to celebrate an earlier Tax Freedom Day!
Texas faces multiple economic challenges. These headwinds have slowed what would be the world’s 12th largest economy and could slow it more, potentially contributing to the state’s first major recession in 30 years. Texas Comptroller Glenn Hegar also recently reported that state tax collections are on pace for a tight state budget during the 2017 Legislative Session.
By increasing debt transparency and prioritizing which should be paid first, Texans can have a better sense of whether state and local lawmakers are being good stewards of their tax dollars.
Simply put, businesses don’t pay taxes; people do in the form of higher prices, lower wages, and fewer jobs available. Given that taxes exist to fund essential government services, the least burdensome taxes should fund conservative budgets, which grow by no more than population growth plus inflation.
Overall, Texan’s will have about $4 billion more dollars in their pockets during the 2016-17 budget period by this tax and fee relief. With more money in their pockets, Texas is sure to experience greater economic prosperity than otherwise.
The pro-growth fiscal policies of low taxes, sensible regulations, and others that contribute to a low cost of living and prosperous business climate must be continued for Texans to have the greatest opportunity to achieve their hopes and dreams.
Research shows that a minimum wage most hurts those it’s intended to help, particularly the young, low-skilled and less-educated, as they have fewer job opportunities.
Free trade allows Americans the ability to satisfy their desires by purchasing goods and services of better quality or lower price elsewhere.
Among the top ten most populous states in the nation, the principal amount owed by Texas is $225 billion and is the 2nd largest total next to only California who is $268 billion in the hole.
Economic freedom in America has steadily declined for the past 15 years as the role of the federal government has expanded rapidly.
The American people are paying more and more of their hard-earned dollars to satisfy government at all levels, and they’re not getting value in return.
Texas has been America’s jobs engine by creating 40 percent of all U.S. civilian jobs during the last eight years.