It's almost a fee for doing business. Well, that's exactly right. I mean, frankly, it's exactly right. It's an income tax for businesses and that's we are business friendly Texas, and that's not something that we want. So my goal is if we can't eliminate that tax, that we take steps to eliminate the tax. There's talk about it can't be done. (04:32–04:38)
CLAIM
Asserts that the margin tax is effectively an income tax on businesses, which is undesirable for Texas.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
