AUSTIN— The Texas Senate passed House Joint Resolution 38 that has been previously passed by the Texas House. The next step for this measure is to be on the November ballot for Texans to choose whether Texas should ban a personal income tax for any reason, which today a state personal income tax could be implemented to replace local property taxes.
“There is overwhelming evidence that Texas should never have a personal income tax,” said Dr. Vance Ginn, senior economist at the Texas Public Policy Foundation. “The Texas Legislature has helped turn that evidence into a long-term reality with the passage of HJR 38. This measure should be combined with spending restraint below population growth and inflation along with real cuts to costly local property taxes so they can soon be eliminated. These fiscal efforts provide the path to providing a robust economic environment that allows families more opportunities to care for themselves, entrepreneurs more ways to create jobs, and civil society more chances to flourish.”