Comments on: An $11 billion budget surplus https://calwatchdog.com/2010/02/08/an-11-billion-state-budget-surplus/ Wed, 23 Feb 2011 01:45:04 +0000 hourly 1 By: Bill Betzen https://calwatchdog.com/2010/02/08/an-11-billion-state-budget-surplus/#comment-217 Wed, 23 Feb 2011 01:45:04 +0000 http://www.calwatchdog.com/?p=1844#comment-217 Is it not amazing how Texas was fabricated with a surplus only a year ago but now must admit to a $25 billion deficit. We have a regressive tax system in Texas. The poor pay the highest proportion of their income in Taxes, over 300% more than the 3% paid by the richest 1% in Texas.

Texas would now have a budget surplus if all Texans paid the same percentage of their income in state and local taxes as do the 40% of Texans with the lowest incomes!

]]> By: Susan Madden https://calwatchdog.com/2010/02/08/an-11-billion-state-budget-surplus/#comment-216 Sun, 28 Mar 2010 03:58:43 +0000 http://www.calwatchdog.com/?p=1844#comment-216 You are right on. Currently, Texas enjoys an above-average economy. There have been frequent reports in the news of numerous companies moving from California to Texas because of our business-friendly environment. (For more information, see http://www.texaswideopenforbusiness.com/news/CEOs-rated-Texas-as-the-1-state-to-do-business-four-years-in-a-row.html )

God bless Texas!

]]> By: stevefromsacto https://calwatchdog.com/2010/02/08/an-11-billion-state-budget-surplus/#comment-215 Tue, 09 Feb 2010 19:11:15 +0000 http://www.calwatchdog.com/?p=1844#comment-215 Another reason that won’t get mentioned on a right-wing blog: Texas taxes oil production. So does every other oil-producing state in the nation…except for California.

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