3 Reasons NFIB Pushes Repeal of Margins Tax

Everyone knows NFIB opposes the impact of the franchise tax. In supporting the Lt. Governor and Governor who have made business tax cuts a priority, NFIB lays out why it supports a repeal:

• 96% of all businesses in TX are small businesses
• Small businesses have “smaller profit margin partly due to competition and pressure from larger firms”
• Small businesses are “hurt most by the state franchise tax.”

Dallas Business Journal