The Most Regressive Tax in Texas History?

(Community Matters) Appears there’s increasing consensus about the need to invest in Texas’ physical & human infrastructure. Bill Hammond and the Texas Association of Business’ calls for a regressive tax increase targeted at consumers. Will Perry oversee the most regressive tax increase in the history of Texas or find a better way to pay for these investments?  One thought – individual property owners are negotiating up to 25% royalties on oil & gas leases while the State Texas is still accepting only 12.5%, and not always collecting even that.

Leave a comment