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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Last week, New Braunfels ISD trustees committed to spend $4.3 million to fund 70.5 full-time positions in perpetuity. While the district’s staffing decision might seem unimportant at first, it actually hints at a large and growing problem becoming increasingly common in local budget matters. See, 26 of the 70.5 full-time positions were originally funded through...
With responsible guardrails in place and the ingredients for an innovative hotspot, Texas will continue to lead the nation as the exemplar of responsible technology that seeks to serve humanity, and not the other way around. Key Points: While technological hurdles have stalled the development of fully self-driving vehicles, tremendous progress has transpired in the...
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...