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Grants have increased, but have been relatively stable over the fifteen-year period taken into consideration. The largest increase has been in the form of Medicaid expenditures (Leonard and Walder, Page 47-54). The changes in taxes have remained fairly stable over time, and are strongly correlated with income per capita per state.
A number of states have a two-year or three year budget (e.g.: Kentucky) while others have a one-year budget (e.g.: Massachusetts). In the table, the fiscal years column lists all of the fiscal years the budget covers and the budget and budget per capita columns show the total for all those years.
Texas is one of only 7 states not to have a state income tax. [22] [23] The state sales tax rate, 6.25%, is above the national medium, with localities adding up to 2% (8.25% total). [24] Texas does have a "back to school" sales tax holiday once a year (generally around the first weekend in August) on clothing and footwear under $100. [25]
The CBO estimated that more tariff revenue would help shrink the federal budget deficit by $2.7 trillion from fiscal years 2025 to 2034.
Republican hardliners who normally are ardent supporters of President-elect Donald Trump are resisting his push to raise the U.S. debt ceiling, sticking to their belief that government spending ...
Instead, Texas has sales and property tax. The standard sales tax rate in Texas is 6.25%, “However, local tax jurisdictions have the authority to impose up to an additional 2% tax. Consequently ...
Texas has a reputation for strict "law and order" sentencing. Texas leads the nation in executions in raw numbers, with 578 executions from 1976 to 2022. The second-highest ranking state is Oklahoma at 119. [26] A 2002 Houston Chronicle poll of Texans found that when asked "Do you support the death penalty?" 69.1% responded that they did, 21.9% ...
Secession also means millions of Texas seniors would probably lose their Medicare benefits as well. “If Texas were to become an independent nation, it would no longer be part of the U.S ...