Representative Charles "Doc" Anderson praised the House passage of tax reform legislation, saying the bills "provide immediate and long-term taxpayer relief", as well as school financial stability. "This is a victory for Texas homeowners and taxpayers", said Rep. Anderson.
"I am pleased to have voted for the largest property tax cut in Texas history. By the time we work with the Senate on a final product, we hope that the end result will reduce school property taxes by one third. This bill is not perfect, but it is a great step forward", Representative Anderson said.
Noting that property tax cuts for both homeowners and business owners are coupled with important reforms in the state's general business tax, which went to a lower rate and a larger base with fewer loopholes, Representative Anderson said that, while controversial, he has received wide support for his pro-reform votes, noting that "87% of the people who answered my questionnaire last fall demanded property tax relief."
In trading an overburdened property tax with a reformed business tax, Representative Anderson said, "Texas businesses (over 40 Texas organizations and business associations endorsed) have told us time and again that they don't mind paying their fair share of taxes. They just want to make sure they're not the only ones pulling the wagon within the business community. House Bill 3 achieves that goal with a lower, flatter, and fairer tax rate, which will encourage job creation and economic growth."
"When you look at the whole picture, we passed bills for immediate property tax relief through using part of the budget surplus (HB 1), closed loopholes and lowered rates in the business tax (HB 3), and provided future revenues generated from these reforms to achieve even greater property tax relief down the road (HB 2)", said Rep. Anderson. "This approach has gained wide political support, business support, and holds up well to economic analysis from sources such as Waco's own Ray Perryman and former Reagan economic adviser Dr. Arthur Laffer."
"I voted against the tax on used cars and the tax on cigarettes. It is my opinion that
singling out any one group of our citizens to punish with taxes is neither fair nor
reasonable --- nor will it encourage compliance --- nor is it a reliable way to fund
essential services", Anderson concluded.
God Bless Texas.
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