DALLAS--(BUSINESS WIRE)--Dallas businessman Mark Yancey may be challenging John Cornyn for the U.S. Senate in 2020, but he never takes his eye off of his home state of Texas.
The 2019 election may be an off year, but in Texas, there are 10 proposed constitutional amendments in play. The most important, by far, is Proposition 4 which concerns a state income tax. This proposed amendment is designed to make it harder to create a state income tax. Texas is one of seven states without a state income tax. Texas has never levied a tax on personal income, and that isn’t likely to change.
“While Proposition 4 wouldn’t normally involve a U.S. Senator, I found the ballot language so ambiguous that I felt I needed to communicate clearly with my fellow Texans,” Yancey said. “Prop 4 is a message from our conservative Republican lawmakers to future generations that they don't dare try to create a state income tax without major hurdles.”
The issue at the heart of Proposition 4 is to make it more difficult to create a state income tax in the future. Texans need to know that a “NO” to Proposition 4 is a vote against including a ban on state income tax as a constitutional amendment, thereby leaving open the possibility in the future. A “YES” vote makes it more difficult to get passage in a future legislature. Texans must vote YES TO OPPOSE A STATE INCOME TAX.
Currently, it takes only a majority of state lawmakers and then a majority of voters statewide to create a state income tax. If voters approve Proposition 4 (House Joint Resolution 38) in November, it will take a super-majority (two-thirds) of state lawmakers in the Senate and House (rather than a mere majority) to support an income tax. If approved by the politicians, it still would require approval by a majority of state voters.
“These three words, “state income tax” are so hated by most Texans that they are almost unspeakable,” Yancey said. “It's hard to imagine a Texas income tax, and Proposition 4 doubles the hurdle. This effort by Republican lawmakers in Austin will keep Texas from becoming the next California.”
Early voting for the November 5th election is underway now at locations across Texas.
Editors’ Note: Mark Yancey is available for interviews. Contact Marcie Frazier at 214-478-3092/ email@example.com.