The Texas Senate Wants More of Your Money

The AP via News8Austin: Senate rolls out its education tax plan

A state Senate committee has unveiled a proposed school finance plan that would mean higher sales, cigarette and alcohol taxes.

The plan, put forth Monday by the Senate Finance Committee, also would mean more businesses would have to pay a state tax.

[...]

The Senate plan would raise alcohol excise taxes would go up by 25 percent from existing rates. There's no such provision in the plan approved by the House.

The Senate plan would tax businesses 2.5 percent on earned surpluses. That's lower than the existing franchise tax, but more businesses would have to pay.

The Senate proposal would cover all businesses except sole proprietorships.

The state sales tax would increase to $.0675 per dollar from the current $.0625 cents. That would include taxes paid on motor vehicles and boats.

The Senate plan would increase the cigarette tax by $.60 per pack to $1.01 per pack. The current rate is 41 cents a pack.

Copyright 2005 Associated Press, All rights reserved.

It must be a wonderful feeling to wake up every day during the legislature's session, pondering how much to take from which industries and people in order to pay for services that ought to be the individual responsibility of the user to pay.

Fucking parasites.

Posted by Drizzten at May 02, 2005 01:48 PM