Learning Objectives

12.1 Describe the basic steps in the policymaking process.

12.2 Distinguish the different taxes that Texans pay.

12.3 Assess who wins and who loses under the Texas tax system.

12.4 Evaluate sources of revenue in Texas.

12.5 Identify how the Texas Constitution limits the state budget.

12.6 Analyze how tax expenditures and subsidies work as fiscal policy tools.

12.7 Assess who wins and who loses under Texas’s fiscal policy.