Public attention is currently focused on the large tax-cut bills that both the House and the Senate passed, in different forms. The House plan, which would reduce the rates of the sales and franchise tax, would cut the amount of
The House and Senate have different tax cut proposals, generating many questions about what these tax cuts could mean for the future of Texas. Here are some answers to frequently asked questions. What are the tax cut proposals? The Senate proposes a
A just-released Institute on Taxation and Economic Policy report estimates that undocumented immigrants in Texas collectively paid $1.5 billion in property, sales, and excise taxes in 2012. (For other states that have a personal income tax, ITEP estimates
Tax cut fever continues to spread through the Capitol, and we keep asking the same question: is it appropriate or fiscally responsible to place tax cuts at the top of the agenda? State leadership seems to be prioritizing tax cuts above
The price of oil, which was over $100 per barrel last summer, has lately been selling at half that amount. Drilling new wells has slowed down, so we’re left to wonder: What happens to state revenue if oil and gas
House budget writers left over $8 billion on the table in available general revenue, and have $2 billion in wiggle room under the spending growth cap. These funds could go a long way to increasing investments in Pre-K, community mental
Imagine you move into a new house only to discover that the ceilings are only 5 feet high, forcing you to walk around hunched over. You would be outraged, uncomfortable, and unable to use your home to its full potential.