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Tax Cut Package

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politics2 years ago

"Texas Renters Left Out of Property Tax Relief Debate: Lawmakers Seek Agreement"

Texas lawmakers are currently debating property tax relief, but it remains unclear whether renters will benefit. Democrats have proposed a tax-cut package that includes cash refunds for renters, equal to 10% of the rent they paid the previous year. However, GOP lawmakers have largely focused on providing relief to homeowners and businesses. While some argue that tax cuts could indirectly benefit renters by reducing landlords' property taxes, experts say it's unlikely that rents will decrease as a result. Renters in Texas face rising costs of living, with rents surging during the pandemic, and advocates argue that more needs to be done to address housing affordability.