By Scott Stroud
The defining proposal of the 2011 legislative session may turn out to be a sales tax break for yacht buyers, which moved forward in the House last week. The bill's author, Houston Republican Rep. John Davis, defended it as “economic development."
Since 2004, the high-cost natural gas tax exemption has reduced state revenue by $7.4 billion. That's as clear a definition of Republican priorities as you'll find. As Villarreal put it: “They are willing to slash funding for education and close nursing homes but won't lay a finger on this industry tax break."
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