WASHINGTON – It seems everything may be bigger in Texas, at least business tax cuts are. Texas legislators sent Governor Rick Perry a proposal of more than $1 billion in tax cuts, just as Gov. Perry called for a special session to discuss redistricting.
Reuters reports the Republican-majority Texan legislature approved an extension of a business franchise tax exemption for small businesses and a rate cut for all businesses.
Texas continues to boast that it is one of the most business-friendly state, and some businesses have moved to Texas from places such as California. Texas’ Lieutenant Governor David Dewhurst said that these tax cut proposals “sends a clear message that we are committed to sustaining the country’s best climate for job creation and economic growth here in Texas.”
Texan lawmakers approved restoring funding to schools after cuts were made in 2011.