Tax Tyranny

If the Legislature adopts this plan in the upcoming special session, Texas will benefit in four principal ways. First, the way we pay for education will be fundamentally fairer because the centerpiece of our proposal — the reformed business franchise tax — is broader, more equitable and assessed at a lower rate than today's tax. It closes tax loopholes so that more businesses will pay their share and doubles the small business exemption so that small employers can continue to grow and create jobs.