This brief is based on testimony presented before the Senate Finance Committee, March 15, 2006. Foundation chief economist Byron Schlomach, Ph.D., provides a sound case for why Texas should move more toward consumption taxes and away from distorting taxes like the franchise tax.
‘Tis the Season—for Property Taxes
The ornaments are packed away. The mailbox is filling up. The season of giving has passed into the season of paying what you owe, and just as that credit card statement is on its way from Christmas so too is the next property tax bill beginning to take shape. Tax relief promised by the Texas...