Texas Leaders Propose Increasing Sales Tax to Lower Property Tax Bills

Top Texas Republicans are touting a way to lower skyrocketing property taxes across the state: Raise the sales tax instead. Their tax-swap proposal — which would boost the statewide sales tax by 1 percent, from 6.25 percent to 7.25 percent — would have to be approved both by the Legislature and by Texas voters later this year before it could go into effect. Click to read more at www.star-telegram.com.