House Budget Committee resolution, titled “Reverse the Curse,” purports to balance the federal budget with a small surplus and reduce national debt by 2033. The controversial measure includes $16.3 trillion in deficit spending reductions over ten years and assumes rapid, long-term economic growth of up to 5% GDP growth annually.
The Lesser Prairie-Chicken’s population has dropped over recent years, prompting some to call for it to be listed as endangered. The designation would possible come at a cost to the agriculture and oil industry.
The deal would channel $12 billion to reduce the school property tax rate for homeowners and business properties, increase the homestead exemption, and create a pilot program to reduce taxes on certain residential and commercial properties.
Texas Lieutenant Governor Dan Patrick and Speaker Dade Phelan today issued a joint statement to announce an agreement on proposed legislation that will deliver the biggest property tax cut in Texas history.