Issue Position: Texas Economy and the State Budget

Issue Position

Prior to COVID-19, the Texas economy was among the strongest in the country. But now unemployment is high and many Texans feel a high degree of uncertainty. The necessary Stay Home orders from local and state officials led to reduced driving, less air travel, fewer nights out at restaurants and bars, and a decline in hotel stays. This reduction in economic activity has led to a significant decrease in Texas's oil & gas and sales tax revenues. In order to meet these challenges, the Texas Legislature must be prepared to tap the Economic Stabilization Fund (ESF), close tax loopholes, and continue to fund important areas like education.

The Legislature amended the state Constitution to create the ESF (often referred to as the "rainy day fund") because lawmakers saw the need for a tool to prop up the Texas economy in extraordinary times. COVID-19 presents exactly the sort of challenge for which such a tool is necessary. Using the ESF is necessary to address the suffering brought on by these economic troubles. But to fully revive our economy we must also broaden the tax base and develop new revenue streams. I will work to ensure all tax exemptions are necessary and to close any loopholes. In my first term, I filed a bill to eliminate the agriculture exemption for properties located within gated residential communities as part of my commitment to reviewing current exemptions. In the 87th Legislative Session, I will continue to research these exemptions and loopholes to ensure that all Texans pay their fair share.

Finally, we must continue to invest in areas like public education, health care, and the environment. In a session that is likely to include more budget cuts than usual, I will continue to support funding for those services that provide vital benefits to all Texans. I am committed to fighting against cuts to these areas and will work with my colleagues to maintain and fully fund these important investments.

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