Texas Senate approves $4.6 billion tax cut package (The Journal)

The Senate approved a package of bills Wednesday that would cut taxes in Texas by more than four billion dollars. Senate Finance Committee Chair Jane Nelson told colleagues that now’s the perfect time to give taxpayers relief. “When our economy is healthy, when we have billions of dollars in our coffers, I feel like we ought to give some of that back to the people that sent it to us,” she said. Tax cuts have been a major priority for Senate leadership, with Lt. Governor Dan Patrick promising meaningful tax relief in his first press conference of the session and Governor Greg Abbott promising to reject any budget that lacked significant tax reduction. The budget currently being considered by the Finance Committee is written to anticipate the tax cuts passed Wednesday.

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