More than two dozen members of the Texas Legislature are calling on Congress to maintainÂ the sales tax deduction for Texans on our federal income taxes. Unless Congress acts, we’ll again lose this important protection.
For many years, only people living in states with income taxes could deduct their tax load from their federal burden — effectively forcing Texans and the residents of eight other states to pay higher burdens. (An income tax is the worst possible revenue source for government, as every economist worth a warm cup of spit knows. Former Fed Reserve Chairman Alan Greenspan said as much in one of his final testimonies before Congress a few years ago.)
When sales tax deductibility was restored a few years ago, the Texas economy got an immediate, demonstrable boost, according to these members, with someÂ $700 million staying in the Lone Star State.
Signing the letter were:
Corbin Van Arsdale