Please keep in mind that the franchise tax itself IS an income tax! They just can’t call it that in Texas!
Not really, but it is still a tax. I'm a small business here and familiar with the franchise tax. So, for me, it is a tax on my , which is not good, but it isn't an income tax - which is what was claimed. A true income tax would have a much broader impact, negatively, on the state's economy.
What is frustrating is the time it takes to research candidate's ad claims to approach the truth. It seems it is pretty bad on both sides in this one.
After reading the articles, I believe my business will still not see an increase in taxes.
Larger and different corporations would. And, I believe, these are the very types that can, should and do pass on increased costs to consumers of their products.
So I do understand your point.
There has to be some taxes and, in this case, the property/sales tax situation had to be revised, some something had to give. I would rather be cutting more spending, but Texas does run a tighter ship than most.