With the comptroller having now forecasted that lawmakers will have $113 billion in general revenues, Texans should expect meaningful tax breaks from the Legislature.

As Cary Cheshire reported yesterday, this forecast includes an 8.9% increase in sales tax revenues.

These dollars represent more than the legislature can actually spend even with the state’s flimsy spending limit.

Rather than find creative ways to blow the cash without touching the limit, or hoarding the dollars, lawmakers should be encouraged to return the funds to the productive economy through tax relief.

Abolishing the gross margins tax would send a serious message to entrepreneurs in Texas and to those looking to move here. Likewise, chiseling away at the property tax would offer a direct benefit to residential and business property owners alike.

Whatever the specifics, significant and meaningful tax relief should be first on the agenda for the 84th Legislature.

Michael Quinn Sullivan

Michael Quinn Sullivan is the publisher of Texas Scorecard. He is a native Texan, a graduate of Texas A&M, and Eagle Scout. Previously, he has worked as a newspaper reporter, magazine contributor, Capitol Hill staffer, think tank vice president. Michael and his wife have three adult children, and a dog. Check out his podcast, Reflections on Life and Liberty.

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