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Texas Growth Hampered by Unsteady State Finances
Alvin Burger, executive director of the Texas Research League, told the Dallas Rotary Club that Texas must raise 217 million in new taxes for 1961-63 to fund government. He warned fiscal instability hurts industrial development and suggested broad taxes like a 2 percent sales tax or a 14 percent personal income tax, while noting uncertainty around the payroll earnings tax. He urged consideration of federal aid and reminded that taxes across all levels will take about 125 billion of national income this year.
MENTIONED IN THIS ARTICLE
Dallas
Texas’ Financial House
Texas Research League
Alvin Burger
Dallas Rotary Club
Financial House
Burger
Washington