TPPF Applauds SB 17 that Would Abolish the Franchise Tax

AUSTIN – Today, the Texas Public Policy Foundation’s Center for Fiscal Policy Director Talmadge Heflin and economist Dr. Vance Ginn made the following statements on Senate Bill 17 that would put the business franchise tax, also called the margins tax, on a path to elimination.

          “We applaud the efforts to fast-track the elimination of the onerous business franchise tax,” said Mr. Heflin. “This will help position Texas with the best business climate and abundant opportunities for Texans to prosper.” 

          “SB 17 is welcome news for all Texans,” said Dr. Ginn. “Abolishing the costly business margins tax follows the overwhelming research finding substantial economic gains from its elimination.”

Today, the Foundation released the paper Unleashing Economic Growth: Eliminating Texas’ Business Margins Tax that highlights the research on the economic gains from eliminating this tax.

To schedule an interview with Mr. Heflin or Dr. Ginn, please contact Caroline Espinosa at [email protected]  or 512-472-2700.

The Honorable Talmadge Heflin is Director of the Center for Fiscal Policy at the Texas Public Policy Foundation, a non-profit, free-market research institute based in Austin. In the 78th Session, Heflin served as chairman of the House Committee on Appropriations and navigated a $10 billion state budget shortfall through targeted spending cuts that allowed Texans to avoid a tax increase. 

Vance Ginn, Ph.D., is an Economist in the Center for Fiscal Policy at the Texas Public Policy Foundation. 

The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.

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