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Texas Locks in Constitutional Tax Bans While NYC Faces Revenue Crisis from Competing Policy Visions

Texas Locks in Constitutional Tax Bans While NYC Faces Revenue Crisis from Competing Policy Visions

The Lone Star State Cements Permanent Business Advantage Texas has fundamentally reshaped the competitive landscape for American finance by enshrining unprecedented tax protections directly into its state constitution. Through three ballot measures approved by voters, the state has permanently banned capital gains taxes, estate and inheritance taxes, and securities transaction taxes—transforming what were merely policy choices into constitutional guarantees that...