Taxes are killing the local economy.
Taxes hurt small businesses two ways. First, our punitive tax rates take a big chunk out of a business’ bottom line. Businesses might have used that money to expand, to hire more workers, or to create a completely different business.
Second, the money El Pasoans pay in taxes is money that potential customers or clients might have spent at a local business. Every dollar that you spend in taxes is money that you’re not spending to fix your roof, or get your car washed, or eat at the Tap.
And we can’t get new businesses to move here without offering them tax incentives, because our tax rates are so high new businesses would rather move somewhere else.
And then if a new business moves here, it doesn’t contribute anything to the General Fund, because of the tax incentives it took to get them here, and residential taxpayers end up pick the short end of the stick.
Taxes are killing the local economy. If I get elected, lowering taxes will be my priority.