After reading this chapter, you should be able to:

★ 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 how tax expenditures and subsidies work as fiscal policy tools.
★ Assess who wins and who loses under Texas’s fiscal policy.