Estes: Repeal the Franchise Tax

Senator Estes is the focus of a Breitbart piece on his SB 105. Some highlights:

• The Texas margins tax is “one of the most destructive taxes on corporate and small businesses in the country,” according to Scott Drenkard, an economist for the Tax Foundation.
• “The margins tax is anti-business, anti-worker, and anti-consumer,” Estes explained
• “The margins tax is the most disagreeable tax on business that we have,” Bettencourt stated in a phone interview with Breitbart Texas. “Anything we can do to reconsider this is a good thing.” [Breitbart]

Estes colleagues also filed legislation to wind down or repeal the franchise tax, including Reps, Murphy & Leach and Senators Perry & Huffines.