Learning Objectives
- Describe the basic steps in the policymaking process.
- Identify the different types of taxes that Texans pay.
- Assess who wins and who loses under the Texas tax system.
- Describe other state revenue resources, including the role of the federal government.
- Explain the state’s pay-as-you-go budgeting system.
- Discuss how tax expenditures and subsidies work as fiscal policy tools.
- Assess who wins and who loses under Texas’s fiscal policy.