All taxes are not created equal. Some, such as the income tax, discourage productivity; others, such as the property tax, depress investment; and still others, such as the sales tax, target consumption.
Just the Facts: Local Government Spending
Despite billions in property tax relief provided by recent state legislatures, Texans’ property tax bills continue to increase due to unrestricted spending at the local level. Key points: City and county government spending continues to outstrip increases in both population and inflation. While the state government has constitutional and statutory spending limits, local governments do...