Originally posted by: wyvrn
The only reason the new business tax came about is because people were revolting on our high property taxes, and local municipalities cannot raise their local sales taxes any more. Then there is gross mismanagement of funds by school boards. Then there is the lotto which is supposed to contribute to schools, but funds get diverted away to other non-essential programs.
EX: My city paid for laptops for all of its students, but it really needs higher teacher pay, more bilingual programs, and better facilities. How does having a laptop help students study better? Support costs are 3-5x higher than for desktops, and all the students do with them when they get home is hack the admin account and install games and chat programs.
Texas needs to scrap its current program and setup a new tax schema. Lower the property tax, which hurts homeowners (TX is low in terms of homeownership percentage compared to US), and isn't flexible for businesses (which is why many of them are moving out).
The new tax plan should combine an income tax with lower property taxes, and a 'franchise' tax plan for businesses with less loopholes.
The reason we cannot implement an income tax is because of the constitution which is very inflexible and hard to ammend. This has turned into a terrible mess, and there isn't anything the governor can do about it by himself.