Analysis: Two Tax Cuts, but Only One with a Sales
Pitch
by Ross Ramsey
With
the first round of the Legislature's biennial budget dance almost complete, the
Senate has made its ideas for state finance — particularly when it comes to tax
cuts — much clearer than whatever the House is thinking.
In a
series of press conferences and committee hearings, Lt. Gov. Dan Patrick and
various senators have laid out their plans to
increase homestead exemptions, giving the average homeowner something like $206
in relief each year.
They
want to increase the size of companies that are exempted from the state’s
franchise tax, roughly cutting in half the number of companies that pay that
unpopular levy.
They
even lined up their own outside lobby force in the form of the thousands of
Texas Realtors who will be promoting the Senate’s proposal for a constitutional
ban on sales taxes on property transactions.
The
House has been a lot quieter. There are some ideas in the works, but the
marketing — selling this to the public — all seems to be on the Senate’s end
of the Capitol.
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