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Texas Economy

This topic contains 4 replies, has 3 voices, and was last updated by  Warren Norred 11 years, 8 months ago.

  • Michael Quinn Sullivan, 12 years ago

    David – that’s the heart of the matter, of course! What Mr. Abbott’s “Working Texans” plan recognize is that you have to approach fiscal policy comprehensively. But as we consider the needs for manufacturing and industry, we are also going to have to take a careful look at local property taxes — and therefore local spending. In his plan, Mr. Abbott refers to the state’s “extremely high levels of local debt” — that debt drives property taxes. Which is why we have among the highest property tax burdens in the nation, which create negative incentives for business.

    Warren Norred, 12 years ago

    MQS, some Republican officeholders talk about ending corporate favoritism, but tend to love taxpayer programs that give money to businesses to move to their state, like we do with our Texas Enterprise Fund. What is Abbott’s position on this fund for crony capitalists?

    Michael Quinn Sullivan, 12 years ago

    Warren — here’s what Mr. Abbott said in Houston a while back. Texas needs to “get out of the business of picking winners and losers.”

    Warren Norred, 12 years ago

    Yeah, that’s a good start. However, there is always a “but,..”

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