February 24, 2015      5:18 PM
Updated: Senate leadership proposes $4.6 billion in tax cuts
Lt. Gov. Patrick says Gov. Abbott fully supports tax cut plan: “We're so close shoulder-to-shoulder you couldn't put a piece of paper between us." Abbott hasn't seen the plan.
Note: As of 5:46pm, this story
has been updated throughout, including Gov. Abbott's reaction to the plan – SB
One
day after Texas House leaders promised to “do better than” the $4 billion
in tax cuts originally promised this session by the Senate, the Republican
leadership of the upper chamber on Tuesday unveiled a package of property and
business tax cuts totaling $4.6 billion. Calling it the "next step,"
Lt. Gov. Dan Patrick told reporters at
a Capitol
news conference that it’s possible even more tax relief could be in the offing
as the legislative process moves forward.
Finance Committee Chair Sen. Jane
Nelson, R-Flower Mound, filed SB 1 and SB 7, which together
provide for “approximately $4 billion in tax relief during the 2016-2017
biennium."
By Scott Braddock
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