This Week in Texas: State senators looking at chance of lowering taxes after budget surplus

HOUSTON, Texas (KTRK) — With a 32 billion dollar surplus, state legislators are talking about ways to use that money to save you money-one of those ways: cutting taxes.

On This Week in Texas, looks at a longtime tax on businesses that could be going away.

 political reporter Tom Abrahams spoke with Republican State Senator Paul Bettencourt and Democratic State Senator Carol Alvarado on the possibility of lowering property taxes.

“The proposal to raise the homestead exemption from 40 to 70 will not only pass the house and the senate, but it should pass by unanimous votes,” Sen. Bettencourt said.

Also featured will be expert insight from a panel of political experts.