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.