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This bill offends limited government by getting the state even more deeply involved in picking winners and losers in the economy. With an excellent business climate, Texas is already attracting businesses relocating from out of state. Every time the state gives preference to one business or industry it does so unfairly at the expense of other businesses and industries not receiving the same treatment.
To be more attractive, rather then facilitate special deals for specific businesses, Texas should work to make the business environment better across the board by reducing or altogether eliminating the franchise tax. That would make Texas more competitive across the board, treat all businesses fairly, and avoid government tinkering in the market. For these violations of free market and limited government principles we oppose HB 108.