Chuck DeVore Talks Cutting the Business Franchise Tax [Interview]
In Representative John Frullo's office in the state capitol, Vice President for Policy at the Texas Public Policy Foundation Chuck DeVore joined The Chad Hasty Show to discuss phasing out the margin tax.
DeVore and Hasty discussed the state budget, as well as the efforts to eliminate the complicated business franchise (or margin) tax.
"The margin tax, or the business franchise tax, it goes by a few different names, is probably the tax that everybody pays but nobody knows about. And the reason why they don't know about it is that the people who pay the tax directly are the businesses in Texas, small and large businesses," said DeVore. "And of course businesses don't really pay taxes, do they? They simply charge a little bit more for their goods and services that Texas buys."
Watch the interview with Chuck DeVore in the video above.
Chuck DeVore is vice president for policy at the Texas Public Policy Foundation.
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