Simply put, businesses don’t pay taxes; consumers do in the form of higher prices, lower wages, and fewer jobs available. Given that taxes exist to fund essential government services, the least burdensome taxes should fund conservative budgets that grow by no more than population growth plus inflation. 

No matter how you evaluate the margin tax, it fails the least burdensome tax test, fails to meet revenue expectations, and fails to allow Texans the opportunity to reach their full potential. Texans would be best served by eliminating this onerous tax.