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texas economy News

Two U.S. state proposals would abolish income taxes

Two U.S. states are considering joining seven other states that do not levy state income taxes. Lawmakers from Georgia and South Carolina have introduced proposals to abolish state income taxes in order to attract economic growth.

Big yachts tax break sails through Texas House committee

Austin - Big yachts in the state of Texas are one step closer at being able to compete with Florida on the issue of lower taxes, even as the Lone Star state continues struggling with a budget deficit by some estimates as high as $27 billion.

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