Speaker @DadePhelan left a meeting in a huff with @GovAbbott and me last night, killing the largest property tax cut in history by demanding an appraisal cap for business commercial properties that most business associations don’t even want.
When asked how this new cap would be paid for, he said schools should spend less money. And then he said, in a special session, he was taking the $100k Homestead Exemption off the table, reversing his members' vote of 147-0.
Today, even before a special session has been called, the House pulled the $100k Homestead Exemption they bragged about just a week ago off the table for only compression.
I will not back down from giving homeowners a $100k Homestead Exemption & getting Texas the biggest tax cut in history. #txlege 7:22 PM · May 29, 2023 · 352.9K Views
"I wish it need not have happened in my time," said Frodo.
"So do I," said Gandalf, "and so do all who live to see such times. But that is not for them to decide. All we have to decide is what to do with the time that is given us."