Another TAX on business?

[falcon]

Panel weighs 1% business tax
New franchise levy sought as part of school finance plan

The Dallas Morning News has this online this morning:

07:08 AM CST on Wednesday, February 1, 2006

AUSTIN – The governor's tax-reform commission is considering a new state business tax of around 1 percent on the gross income or gross receipts of all corporations and partnerships on their business in Texas, the panel's chairman said Tuesday.

<snip>
…it would affect virtually all businesses except for sole proprietorships…
<snip>

The tax commission will continue to hold public hearings around the state through February. It will send recommendations to the Legislature by the end of March.

[Steelsun]

Gotta love the government. Vote themselves raises, then yell there's not enough money for schools. They leave the state when the going is rough, then complain they can't get anything done.
Now this.