Solution to Texas Deficit Crisis

The following message will be seen on signs in Austin beginning Friday.  It is a simple summary of the mathematical reality of the Texas deficit:

Texas families with a half million dollar annual income and more make up the 1% of most wealthy in Texas. $2 million is their average annual income.  Under HB 354 the percentage of income they will pay in state and local taxes will go up from 3% to 8%.  The 20% of families in Texas who are the poorest will still pay a percentage of income that is 50% higher than the rich families, but this bill would balance the budget.  See http://www.texasflattax.com/.   Join us in Austin this Friday.