Even though Texas’ critics deny the quality of the jobs the state has produced, the facts reveal that our workforce is not undereducated, degreed adults are flocking to our state, and our wages have increased more than 14 percent during the recession.
Taxes & Spending
An Overview of the Business Franchise Tax: 2023 – 2027
Texas’s business franchise tax is costly, complicated, and time-consuming to observe. Its negative and distortionary effects should motivate policymakers to eliminate it entirely. Key points: Because of the substantial costs, large and small business owners can often spend more on compliance than on paying the franchise tax itself. Phasing out or repealing the tax altogether...
June 25, 2026