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Tax Equity Note Confirms that Most Texas Families Would Pay More Under HB 3, the "Tax Relief Bill"

  

Author:
Dick Lavine /(512) 320-0222 x 101

March 8, 2005

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The Legislative Budget Board has calculated that the changes proposed by HB 3 by Rep. Keffer would increase taxes paid by 80% of Texas families. On average, only families with incomes over $100,000 a year would save more from property tax cuts than they would pay in higher sales and cigarette taxes or absorb in lower wages due to the proposed payroll tax.