Abbott calls for $4 billion cut in franchise, property taxes
Accepting the Republican gubernatorial nomination, Greg Abbott told delegates to the party's June 2014 state convention: "And your property taxes must be reduced so that you can actually own your own home."
Abbott elaborated on his vow in his February 2015 State of the State address to lawmakers, saying: "I will reject any budget that does not include genuine tax relief for Texas employers and job creators. And I will also insist on property tax reduction for Texans." He went on to say his own plan envisions a $2 billion reduction in the state's business franchise tax and a $2.2 billion cut in property taxes.
By late that month, Republican leaders of the House and Senate had vowed to reach agreement on cuts in franchise and property taxes adding up to a combined $4 billion-plus.
In light of these developments, we're marking Abbott's tax-cut Promise as In the Works.
Greg Abbott speech accepting Republican gubernatorial nomination, Republican State Convention, June 21, 2014 (Texas Tribune video)
Press release, "Greg Abbott Delivers 2015 Texas Inaugural Speech," Office of Gov. Greg Abbott, Jan. 20, 2015
News story, "Texas Senate announces bigger tax cuts," Austin American-Statesman, Feb. 24, 2015
News story, "House leaders: Texas tax cuts could top $4 billion," San Antonio Express-News, Feb. 23, 2015