TPPF statement on the Texas House’s $4.9 billion tax cut package

Today, the Texas House passed a $4.9 billion tax-cut package, which includes House Bill 31 and House Bill 32. HB 31 cuts the state’s sales tax rate from 6.25 percent to 5.95 percent and puts in place a mechanism to use funds to further cut the rate in the future at a potential savings to taxpayers of $2.31 billion. HB 32 lowers the business franchise tax rates by 25 percent, raises the cap to $20 million to file an EZ form at a lower rate, requests a study on full repeal of the margin tax, and puts in place mechanisms to eventually phase out the tax at an additional savings to taxpayers of $2.56 billion.

Press Release April 29, 2015

TPPF’s Kathleen Hartnett White to testify before U.S. House Committee on Natural Resources Subcommittee on Oversight and Investigations

The Texas Public Policy Foundation’s Kathleen Hartnett White, Distinguished Senior Fellow-in-Residence and the Director Armstrong Center for Energy and the Environment, will testify before the U.S. House Committee on Natural Resources Subcommittee on Oversight and Investigations on Wednesday, April 29, 2015 at 2:00 p.m. EDT in 1334 Longworth House Office Building in Washington, D.C. Ms. White will testify at a hearing on “Zero Accountability: The Consequences of Politically Driven Science.”

Press Release April 27, 2015