HBA-BSM H.C.R. 207 77(R) BILL ANALYSIS Office of House Bill AnalysisH.C.R. 207 By: Grusendorf Ways & Means 4/12/2001 Introduced BACKGROUND AND PURPOSE The Texas Legislature successfully reduced taxes for Texans in 1997 and 1999. With a surplus still in existence, it may be economically astute to cut marginal tax rates across all tax brackets. Under current federal tax law, low-income workers often pay the highest marginal rates. Under President Bush's tax relief plan, the largest percentage reductions may go to the lowest-income earners. The tax relief plan may contribute to raising the standard of living for some Americans, may increase access to the middle class, encourage entrepreneurship and growth, and promote charitable giving and education. House Concurrent Resolution 207 requests the Texas delegation to the Congress of the United States to support and work to pass the tax relief plan introduced by President Bush, which includes across-the-board reductions in marginal tax rates, eliminates the death tax, and reduces the marriage penalty. RULEMAKING AUTHORITY It is the opinion of the Office of House Bill Analysis that this bill does not expressly delegate any additional rulemaking authority to a state officer, department, agency, or institution. ANALYSIS House Concurrent Resolution 207 requests the Texas delegation to the Congress of the United States to support and work to pass the tax relief plan introduced by President Bush, which includes across-the-board reductions in marginal tax rates, eliminates the death tax, and reduces the marriage penalty.