Texas Americans for Prosperity Chapter Urges Spending Limits
November 12, 2008To all you other states out there, note that the great state of Texas has NO STATE INCOME TAX, limited regulation on the free market, is ranked as the 2nd largest gross state product in the nation, is the largest exporter of goods ANNND raked in a budget surplus.
What does that mean? Let’s keep our surplus and keep Texas prospering in these tough economic times. Americans for Prosperity said in a prepared statement:
AFP proposes a spending limit which does several things:
- Allows government to grow proportionate to the increase in population and inflation
- Any growth beyond that would require voter approval
- Surplus revenue should go to the budget stabilization fund (to be funded up to 15% of the state budget), and to a true emergency reserve cash fund (3% of the budget)
- Once those funds meet their target, additional surplus should be given in property tax relief.
- Local spending limits must be in place.
- Mandates cannot be passed from state to local government without subsequent funding, or the spending limit is adjusted proportionate to the unfunded mandate cost.
“We have good news in Texas, thanks to legislators’ hard work. We have a budget surplus and have enjoyed several years of a good economy. Should taxpayers bemoan a good economy? Certainly not,” Peggy Venable said. “Nor should taxpayers fuel government growth during good economic times, only to be faced with tax increases or threatened with cuts in services during economic downturns.”
we should use the surplus to reject federal funds so that we can be self-sufficient. I think the people that raised the drinking age to 21, lowered the speed limit, and passed seat-belt laws just so that Texas could get federal funds should be charged with accepting bribes. I really think Texas should secede.