Posted on 05/03/2006 6:22:11 AM PDT by Racehorse
The Senate on Tuesday approved a major overhaul of the state's business tax to pay for property tax cuts . . .
. . . [Governor] Perry made it the centerpiece of his effort to raise enough money to cut school property taxes by one-third . . .
[. . .]
The new tax headed to Perry's desk would replace the corporate franchise tax. With a rate as high as 1 percent, it would be based on gross receipts. Businesses could deduct their salaries and benefits or their manufacturing and production costs.
It has riled some conservative activists who say Perry's plan to cut property taxes relies too heavily on businesses at a time when the state could use more of its $8.2 billion surplus to pay for property tax cuts.
"It's a calamity for the Republican Party," said Steven Hotze, a longtime GOP activist . . .
Perry wants the Legislature to cut property taxes for school operations by one-third over two years, saving the owner of a $100,000 home about $425 per year in property taxes. He also is trying to use higher cigarette taxes and money from the state's surplus to replace the money that schools would lose if property taxes were cut.
[. . .]
[Another] measure that the Senate passed would dedicate all of the tax increases in Perry's proposal to paying for property tax cuts until school property tax rates are cut by one-third.
The proposal drew fire from Democrats, some of whom said committing the new tax to replacing property taxes instead of sending it into the state's budget would force the Legislature to raise sales taxes in the near future. Some Democratic senators also say they are worried that the Legislature will not substantially boost education spending or make the school finance system more fair.
(Excerpt) Read more at statesman.com ...
If we ever get to a national Fair Tax, you will see other states adopting this or similar tax strategy. Politians, regardless of party affiliation, will tax you!
We no longer live in the state of Texas.
I proposed a change in the name of the state to TAXES.
I wonder what Kinky would do...
Just wondering how many state $ are used to provide benefits for illegals?
the word "may" doesn't mean **** to a politician. Change it to "doesn't".
Notice they do this AFTER the primaries.
Next comes the state income tax.
Already Posted:
http://www.freerepublic.com/focus/f-news/1625835/posts
Talk about a business killer!!
And who wants to bet the rate will stay at 1%. It'll be just like the sales tax......up a quarter of a percent, up a quarter of a percent every time the Education lobby talks about how "underpaid" teachers are.
Talk about a business killer!!
And who wants to bet the rate will stay at 1%. It'll be just like the sales tax......up a quarter of a percent, up a quarter of a percent every time the Education lobby talks about how "underpaid" teachers are.
Perry is a democrat with a R by his mane.
They have to get a state income tax by the voters. It is prohibited in the state constitution.
Get that case in front of some "whack-job" judge, and presto -- State Income Tax !!!
Doesn't matter -- once the illegals get to vote, they will pass one.
obviously, I am very disgruntled right now. I need a wake-up slap.
Yep.
Different headline. Different writers. Different newspaper. But, yep, pretty much the exact same content.
BOHICA!
Talk about a business killer!!
Perry has his own agenda(business).He's sly like a pit viper and he's collecting up money for his main project of the Trans-Texas Corridor Toll roads system.You can bet money on it.He'll find a way to direct that money to build the massive toll road system with double and tripple taxation and he won't care who he sabotages as long as he achieves what he WANTS.
But ..he's making a good place for himself with the foreign contractor CINTRA-ZACHARY and he'll be set up filthy-rich and he won't have to listen to the voices of Texans' protesting.President Bush backs him 100%. hmmm???
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