Happy Independence Day!

July 3, 2024
TFR Staff
Independence Day, Property Tax, Spending, Taxes

As we gather to celebrate Independence Day, we honor the principles of freedom, self-governance, and personal responsibility that our nation was founded upon. This is a time to reflect on the sacrifices made by our forefathers to secure these liberties and to consider how we can continue to uphold these values in our daily lives. 

Independence Day is a reminder of the American spirit of self-reliance and limited government. Our founding fathers envisioned a nation where government exists to serve the people, not the other way around. 

However, as the government grows, so does its appetite for revenue, often leading to higher taxes and increased spending. Maintaining fiscal responsibility is not just a financial necessity; it is a way to honor the legacy of those who fought for our independence.

Texas has long been a beacon of economic freedom, attracting businesses and individuals with its low tax burden and business-friendly environment. 

However, recent trends in state and local spending and taxation have raised concerns about the sustainability of this model. The state legislature has passed budgets with unprecedented spending increases. Local governments are taxing more than ever before, with tax growth far and above the rate of growth of population and inflation. These issues threaten to erode the economic advantages that have made Texas a thriving economic powerhouse.

One of the most pressing issues facing Texans today is property taxes, which make it increasingly difficult for families to make ends meet and for businesses to invest and grow. As we celebrate our independence, it is crucial to remember that high taxes are antithetical to the principles of freedom and self-determination. Texas needs meaningful property tax relief for taxpayers while ensuring that government spending is kept in check.

Another vital area of fiscal responsibility is managing state resources and budget surpluses. Texas has experienced significant revenue surpluses in recent years, yet much of this surplus has been directed toward corporate welfare and other spending programs that do not benefit the average Texan. Instead of using surplus funds to expand government, these resources should be returned to the taxpayers via property tax relief. By doing so, we can ensure a more stable and prosperous future for all Texans.

As we enjoy the fireworks and festivities of Independence Day, let us also take a moment to consider the importance of fiscal responsibility. Just as our forefathers fought for our political independence, we must continue to fight for our financial independence. This means holding our elected officials accountable for their spending decisions, advocating for lower taxes, and ensuring that our government lives within its means, just as we must do every day.

Independence Day is a celebration of the freedoms and liberties that define our republic. For Texans, it is also a reminder of the importance of fiscal responsibility. By advocating for sensible tax policies and prudent management of state resources, we can honor the legacy of our founding fathers and ensure that Texas remains a land of opportunity and prosperity for generations to come. 

Let us recommit ourselves to preserving our economic freedom and upholding the principles of self-governance that make our state and our nation great.

Texans for Fiscal Responsibility relies on the support of private donors across the Lone Star State in order to promote fiscal responsibility and pro-taxpayer government in Texas. Please consider supporting our efforts! Thank you!

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