Saturday, November 05, 2005

The 24 Member "Texas Tax Reform Commission" Has Been Announced

Perry names 24 to tax panel. Here is the list of the 23 other members that will be joining charmain Sharp:
-- Truman Arnold of Texarkana is chairman of the board of Truman Arnold Companies, which is a privately-owned regional petroleum marketing company.

-- William Blaylock of Dallas is vice president and tax director at Texas Instruments.

-- A.J. Brune the Third of Midland is chief financial officer and executive vice president of Wagner and Brown, which is an independent oil and gas producer.

-- T. Randall Cain of San Antonio is a certified public accountant and managing partner of Ernst & Young's San Antonio office.

-- Alonzo Cantu of McAllen is president of Cantu Construction.

-- James Dannenbaum of Houston is chairman, president and chief executive officer of Dannenbaum Engineering Corporation.

-- Prentice L Gary of Dallas is managing partner of Carleton Residential Properties.

-- Wendy Lee Gramm of Helotes is founder of the regulatory studies program at the Mercatus Center at George Mason University in Virginia. The wife of former U.S. Sen. Phil Gramm has been a member of the Texas A-and-M University System board of Regents since 2001.

-- Jodie Jiles of Houston has been in the municipal finance business for 20 years with various Wall Street, regional and minority firms. He currently serves as senior vice president with First Albany Capital.

-- Hunter Hunt of Dallas is senior vice president of Hunt Oil.

-- Woody Hunt of El Paso is chairman and chief executive officer of Hunt Building Company.

-- Kenneth Jastrow the Second of Austin is chairman and chief executive officer of Temple-Inland, which is an Austin-based company.

-- Victor Leal of Canyon is a small-businessman and owner of Leal's Restaurants, plus is the former mayor of Muleshoe.

-- Judith Lindquist of San Antonio is general counsel and corporate secretary of H-E-B grocery chain.

-- William McMinn of Houston is currently involved in various aspects of nanotechnologies and bio-pharmaceutical industry.

-- Ernest Morales of Devine is co-owner and general manager of Morales Feedlots.

-- Jan Newton of Austin is president of S-B-C Texas.

-- Dennis Patillo of Houston is chief executive officer of E-R-A Stephen Properties in Houston and president of Stewart Title in Victoria. He's chairman-elect of the Texas Association of Realtors.

-- John Roach of Fort Worth is currently Chairman of the Board Emeritus of Tandy Corporation, which is now Radio Shack.

-- Robert Rowling of Irving is the owner and chairman of T -R-T Holdings, which owns the Omni Hotels chain and Tana Exploration.

-- Ronald Steinhart of Dallas is a private investor who serves as a director of Prentiss Properties Trust.

-- Doctor David Teuscher of Beaumont is a partner and member of the board of directors of the Beaumont Bone & Joint Institute.

-- Howard Wolf of Austin is chairman of the board of Stewart & Stevenson Services and acting chairman of the Falcon Seaboard Companies.
It definitely looks like the foxes will be refroming the henhouse.

[UPDATE] Oh yeah, the committee members have also given $413,509.56 to Rick Perry since 2000, thanks Kuff.


1 Comments:

At 11/22/2005 10:39 PM, Anonymous Bill Hermann said...

Well how about something different -- a NEW IDEA --not just from out of left field but deep center field, which pushes the envelope and is even out of the box. Instead of moving the sales tax, property tax and franchise tax "deck chairs" around on the Titanic, let's do something both the left and right wings can identify with -- in fact let's just lose the wings and act like a unified rocket that will satisfy taxpayers, schools, judges, and give the state a great big star for innovation.

Let's get rid of the school property taxes, sales tax, franchise tax, excise taxes, and a variety of fees. Let's replace all that 20th century thinking with the most progressive tax available, a very small transaction tax without exemption, deduction, or returns to file, immediately collected on all financial transactions carried out in the State and processed through an account registered to a Texas resident or company doing business here. Sounds different doesn't it? Now before you really smart folks start shooting this down, think it through carefully. The rate is the key -- if too big it will be worth considerable effort to evade it BUT if the rate is tiny and the penalties high -- why risk it? The rate to cover all expenditures of the state and the non-state part of school districts (approx $45 Billion annually) is generously 0.2% per side of every transaction. I say generous because it assumes capture of only an estimated 25% of the potential transaction tax base.

The Sharp Tax Commission and Legislature need to officially sanction a study by, why not UT?, Law and Business Schools along with the Econ Dept to detail the exact size of the tax base, laws required to "capture" it and effects on the state in general. It is well worth the money for a chance to move to the 21st century in taxation. You can review the plan and the credibility behind it, based on a national format, at www.apttax.com.

 

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