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.