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Action Alert |
The tax measure, HB 3, has enemies everywhere you look. Many business interests dislike the new payroll tax in the bill. Advocates for low- and middle-income Texans point out that the bill would give Texas the highest sales tax in the nation. An official state budget analysis backs up the claim that HB 3 would provide net tax cuts only for Texans who make more than $100,000 a year. The rest of us actually would pay higher taxes overall, because new taxes would more than offset the benefit of the one-third cut in property taxes. The education community has no use for HB 3, either. It would provide a lot of pain for the vast majority of taxpayers but zero gain for Texas schoolchildren. HB 3 raises only enough money to offset property-tax reductions and "not one red cent more," to quote Rep. Grusendorf. The defeat of HB 3 also would force the legislature back to the drawing board on HB 2, a bad education bill that would leave our schools woefully under-funded. |