“I think at some point you can’t cut your way to prosperity,” so said Speaker Joe Straus in El Paso Thursday. Straus suggested that the legislature would have to address the Texas structural deficit “now.” "We have no choice, unless we want to continue to try to grow our population and continue to shrink spending significantly," Straus said. You can read all about the Speaker’s comments in the El Paso Times’ article Texas House Speaker Joe Straus: We have to correct the deficit.
Straus also said it was time for the legislature to look at the margin tax again, regardless of the outcome of the constitutional challenge to the tax now before the Supreme Court.
Is this the first chink in the “no new taxes” armor? Or will it be a chink in Straus’ bid to continue as speaker? Check in after the elections.