Most Texans' wallets would suffer under state GOP leaders' tax swap, Democrats warn
AUSTIN — State GOP leaders' plan to add a penny to the sales tax to reduce property taxes would hurt low- and moderate-income Texans, three veteran House Democrats warned Monday.
Under the Republicans' "tax swap" legislation, 144 of the House's 150 members are from districts where more people would see a net tax increase than a net tax decrease, the Democrats said.
The swap would hurt renters, especially, the Democrats said. And it would spoil what has been a productive spirit of bipartisanship this session on overhauls of school finance, property taxes and the Robin Hood system of wealth sharing among school districts, one said.
"If you are making less than $100,000 in your household, you will lose," said Rep. Trey Martinez Fischer, D-San Antonio.
Read more: https://www.dallasnews.com/news/texas-politics/2019/05/06/texans-wallets-suffer-state-gop-leaders-tax-swap-democrats-warn
