Early voting begins October 19 for the upcoming statewide elections, where Texans will vote on seven proposed constitutional amendments. CPPP encourages all Texans to learn about the implications of these proposed amendments for the future prosperity of our state. CPPP has
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 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
This week we’ve looked at a number of tax policy proposals coming out of the Senate, including those that are part of the $4.6 billion tax cut package announced by Senator Jane Nelson and Lt. Governor Dan Patrick.
UPDATE: Senator Robert Nichols (R – Jacksonville) announced a change to the proposal. The new proposal, which requires a constitutional amendment, would dedicate 50 percent of the revenue from the motor vehicle sales tax to highways in the following way: the
Texas is looking for more money for roads, and the question of how the state spends its motor fuels tax funds is likely to gain traction in the legislative session. In 2014 motor fuels tax revenue was $3.3 billion, or