The Foundation’s research shows that Texas’ tax and expenditure limit doesn’t effectively restrain the total budget over time and calls for fundamental reform to support more opportunity for Texans to prosper.
By working diligently to write quality papers to educate others and acting on those ideals, the Foundation will continue helping Texans in future decades to break the chains of poverty and open the doors of prosperity.
It’s reassuring to know that there are other organizations out there, especially in Texas, promoting free markets and liberty, and that they are making a difference in advancing the hopes and dreams of Texans and all Americans.
Too many small business owners in McAllen stress enough trying to keep afloat without needing to worry about the costs associated with the state’s business margin tax.
Dr. Vance Ginn, TPPF economist, testifies before the Senate Finance Committee in support of SB 105.
Though many battles are cast in a negative light, this fight over providing the most tax relief among the governor, Senate leaders and House leaders benefits Texans.
Research shows that business taxes are the worst because of their economic costs on income and job growth. Dollars taken from employers simply leave less for pay raises and new jobs, thereby slowing economic activity and impoverishing citizens — particularly the working poor.
On Tuesday, Texas Lieutenant Governor Dan Patrick and Senate leaders unveiled a $4.6 billion package for sweeping tax relief. The package consists of three bills: SB 1 and SB 7, filed by Senate Finance Chair Jane Nelson, and SB 8, filed by Senator Schwertner. This package advances the showdown among state officials to see who...
In Texas Governor Greg Abbott’s first State of the State speech, he came out swinging with key budget recommendations for spending limit reform and tax relief that would help restrain the footprint of government.
With Texas’ extraordinary job creation leading the nation again in 2014, the success from the state’s low-tax, less-regulation and sensible-lawsuit approach provides a model that other states and D.C. would be wise to follow.
Things have changed drastically in Texas compared to when it was primarily an oil-producing state in the early 1980s. In 1981, the mining industry, the vast majority which includes oil and natural gas activity, was 21% of the state’s private economy, 5% of the labor force and 28% of total state revenue.
Since the last national recession started in December 2007, Texas employs 1.4 million more people. However, after a long seven years, the rest of the nation employs 276,000 fewer people.