“The Texas Franchise Tax” is a kind of tax on a person’s or an organization’s money and assets (Ryan, 2014). “In 2013, The Beacon Hill Institute at Suffolk University” analyzed and suggested that it would economically be beneficial to the employers and the poor in Texas if this tax will be removed (Ryan, 2014). The key points of this article are about mutual gain for the employers and the poor, and it mentions that the money would be left in the employers’ pocket if the government would dismiss the Texas Franchise Tax. This is very important, and there are a few questions coming up or facing with this issue, such as how will this money be beneficial for the poor, if the money will enter the employers’ pocket? How will the employers spend some
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The first criterion is “effectiveness” that Kraft and Furlong explain that it is all about considering the policy on “how well” it would be-successful, fair, or fail- (Kraft and Furlong, 2015). Ryan mentions on his article that the “Beacon Hill researchers” guessed that “investment” would increase by “$3.2 billion,” and it would be up to “$3.4 billion by 2017”; “Texas” as a state would get “$6.4 billion in real disposable income in 2013”, and it might be going up to “$9.8 billion by 2017”; and the employers would provide “41,500” extra “jobs” (Ryan, 2014).
2. The second criterion is “efficiency” that Kraft and Furlong explain that it is all about a comparison the after benefits against the before benefits of the public policy (Kraft and Furlong, 2015). Ryan argues that “taxes on capital” should not have been effective as they were considered, and this is the main reason to omit this tax to improve economic life in Texas (Ryan, 2014).
3. The third criterion is “equity” that Kraft and Furlong explain that it questions if “the distribution of costs and benefits in society” is fair, or not (Kraft and Furlong, 2015). According to Ryan, nowadays equality and inequality are mostly arguable topics, and he claims that standard or routine taxes might increase “inequality” (Ryan, 2015). Ryan mentions that there would be no inequality with the implementation of “the Texas Franchise Tax,” on the contrary, it would be very beneficial because the employers would provide more jobs (Ryan,
The first criterion is “effectiveness” that Kraft and Furlong explain that it is all about considering the policy on “how well” it would be-successful, fair, or fail- (Kraft and Furlong, 2015). Ryan mentions on his article that the “Beacon Hill researchers” guessed that “investment” would increase by “$3.2 billion,” and it would be up to “$3.4 billion by 2017”; “Texas” as a state would get “$6.4 billion in real disposable income in 2013”, and it might be going up to “$9.8 billion by 2017”; and the employers would provide “41,500” extra “jobs” (Ryan, 2014).
2. The second criterion is “efficiency” that Kraft and Furlong explain that it is all about a comparison the after benefits against the before benefits of the public policy (Kraft and Furlong, 2015). Ryan argues that “taxes on capital” should not have been effective as they were considered, and this is the main reason to omit this tax to improve economic life in Texas (Ryan, 2014).
3. The third criterion is “equity” that Kraft and Furlong explain that it questions if “the distribution of costs and benefits in society” is fair, or not (Kraft and Furlong, 2015). According to Ryan, nowadays equality and inequality are mostly arguable topics, and he claims that standard or routine taxes might increase “inequality” (Ryan, 2015). Ryan mentions that there would be no inequality with the implementation of “the Texas Franchise Tax,” on the contrary, it would be very beneficial because the employers would provide more jobs (Ryan,