Empower Texas: Texas Is not No. 1 Because of High Debt & More

The Tax Foundation released its annual ranking of the best business tax climates. Texas is #10. Texas is the largest state in the Top 10. [Get Informed on11/ 4 /14]

Empower Texas outlines why Texas is not #1. The answers: local debt & more. What did Texas do wrong? Here’s the list:

• Texas Economic Development Act
• Texas Enterprise Fund
• Franchise Tax
• 26% increase in spending by the 2013 Legislature
• Texas has the 2nd highest local debt per capita in the nation [Empower Texas]