Sneaky Texas Legislature and Taxes

So, if the state has collected too much money, maybe as high as $10 billion, do you think those sneaky dogs in Austin ought to –

a) refund the money because citizens are complaining about property taxes, or
b) tax businesses too! Yeehaw!

If you answered (b), you can be a Texas legislator, too!

Those sneaky dogs are trying to quickly pass a tax on small businesses and hope opposition can’t organize fast enough to stop it. C.L.O.U.T. has the details.

Action Alert – Call you State Rep Right Now at the Capitol Office!
Find your State Representative and their Austin Phone number at this website Immediately!

http://www.house.state.tx.us/members/welcome.php

Tell Your State Rep to VOTE NO on House Bill 3 – the Sharp/Perry Tax plan. Taxing small and medium businesses is BAD for the Texas economy and for job growth. The Texas House of Representativs votes Monday morning on this plan for the first time. Tell your Representative that taxing Texas is bad for Texas – and the State has a $8.2 Billion Surplus – why tax more Texans when you are sitting on a pile of extra money? Use the surplus to Buy Down the School Tax Rate and then GO HOME!

Your State Rep will have a letter on their desk tomorrow morning from local tax activist Norman Adams. CLOUT support Norman Adams position:

The Sharp Business Tax will discourage business owners from locating in Texas.

I have compiled a list of eight companies located in the Greater Houston area. Please take a look at the Franchise vs. Sharp spreadsheet. I believe these companies represent typical small business owners in Texas. Most of these businesses will not get substantial property tax relief therefore I have not included it.

Paul Bettencourt, Dan Patrick and I furnished a completed schedule “B” (Sharp Tax form) to Governor Perry’s office Friday, on each of these businesses. One of the questions his staff asked, was “Why didn’t you bring this to our attention sooner?” My answer was, because I personally became aware of the details of this proposal only two weeks ago!

The majority of small business owners do not realize what the Sharp Tax Plan is about. They are leaving it up to you, their elected representatives. When they find out about it, they will hold you responsible!

The spreadsheet will show you what the Sharp Business Tax will do to these business owners! These folks will average nearly a 400% increase!

Currently, the Texas Constitution protects non corporate entities from an income tax. According to the Sharp “experts” less than one out of ten Texas businesses are subject to the Franchise tax.

The Franchise tax collected for 2005 was $1.7 Billion. In 2006, it will exceed $2 Billion!

If the Sharp plan is adopted, we will not only increase the tax our corporations are paying now, by adding the LLPs, we will multiply the tax rolls by at least ten fold. This new tax may produce twenty times our current revenue! NO ONE KNOWS!

I pray God will move you to review the attached Franchise / Sharp comparison. If you will actually review it, you will agree the Sharp Tax is bad for Texas.

May God bless you as you consider the future of our great state.

Stand strong, do what you know is right.

Norman E. Adams, CIC

Adams Insurance Service, Inc.

Call your State Representative – TAXING TEXAS WILL MOVE JOBS AND ECONOMIC GROWTH OUTSIDE OF TEXAS.

YOUR STATE REP’S VOTE IS ON THE RECORD – THEY MUST VOTE FOR TEXAS – NOT FOR TAXES!!

Edd C. Hendee

Executive Director – CLOUT

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