HBA-BSM H.C.R. 207 77(R)    BILL ANALYSIS


Office of House Bill AnalysisH.C.R. 207
By: Grusendorf
Ways & Means
4/12/2001
Introduced



BACKGROUND AND PURPOSE 

The Texas Legislature successfully reduced taxes for Texans in 1997 and
1999.  With a surplus still in existence, it may be economically astute to
cut marginal tax rates across all tax brackets.  Under current federal tax
law, low-income workers often pay the highest marginal rates.  Under
President Bush's tax relief plan, the largest percentage reductions may go
to the lowest-income earners.  The tax relief plan may contribute to
raising the standard of living for some Americans, may increase access to
the middle class, encourage entrepreneurship and growth, and promote
charitable giving and education.  House Concurrent Resolution 207 requests
the Texas delegation to the Congress of the United States to support and
work to pass the tax relief plan introduced by President Bush, which
includes across-the-board reductions in marginal tax rates, eliminates the
death tax, and reduces the marriage penalty.    

RULEMAKING AUTHORITY

It is the opinion of the Office of House Bill Analysis that this bill does
not expressly delegate any additional rulemaking authority to a state
officer, department, agency, or institution. 

ANALYSIS

House Concurrent Resolution 207 requests the Texas delegation to the
Congress of the United States to support and work to pass the tax relief
plan introduced by President Bush, which includes across-the-board
reductions in marginal tax rates, eliminates the death tax, and reduces the
marriage penalty.