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.
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State pensions, including Texas, have been influenced by the wave of political activism within the finance industry and need to develop tools to ensure they stop supporting such activism. Key points – Consolidation in the finance industry has enabled progressive political activists to coopt the industry to advance their agenda on issues ranging from climate...
It is true: “they just don’t make ‘em like they used to.” Giving consumers true ownership and control over how to use, modify, and fix their personal property is a crucial step toward unraveling this reality—best accomplished through a right to repair. Key Points: The right to repair presents a tension between the interests of...
This report examines the true cost of bond propositions considered in the May 2024 election cycle and offers recommendations to improve debt transparency and accountability. Key points: Texas voters considered almost 325 bond propositions on May 4th, 2024. Of those, approximately 260 measures were approved. The total repayment cost for every bond measure proposed was $38.8 billion....