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At a press conference on Wednesday, April 15, 2015, Governor Greg Abbott announced his plan to reduce the business franchise tax in Texas.

Speaking at a small business in Austin, Governor Abbott spoke of the burden the tax puts on businesses in Texas. In his remarks, Governor Abbott outlined how reducing the franchise tax will enable Texas businesses to create more jobs and spur economic growth.

I have traveled across the State of Texas and heard from so many employers that the business franchise tax places a complicated and an unfair burden on businesses that prevents employers from reinvesting profits to grow their business and hire more Texans.”

Read the story in the Southeast Texas Record here.