TCUL Supports Ads Supporting Tax
The Texas league has joined with other groups in financing a radio campaign touting a tax proposal. The TCUL contributed $25,000 to the campaign financed by Texans for Taxpayer Relief, which touts a proposal passed by the state House that swaps the current franchise tax in favor of a new business "Gross Margins" tax. The new tax spares credit unions a state tax. The group has raised about $220,000 so far to finance the radio ads, and also includes Texas Motor Transportation Association, Maxxam Corp., Texas Apartment Association, Texas Beer Alliance, Texas Association of Builders, and the Texas Restaurant Association ($10,000). The group aims to raise as much as $6 million to support its campaign.