Choosing A New Path – Funding Public Schools and Eliminating the Property Tax

November 9, 2008

Wise County Messenger

State Representative Phil King

It is time to abolish the property tax and replace it with a fairer, simpler, broad-based consumption tax that will give homeowners the promise of one day owning their home free and clear of banks and the government.

While Congress and the president injected Wall Street investment banks with $700 billion in guarantees to cover bad financial practices, homeowners continue to suffer under the crushing weight of a long-simmering property tax crisis that threatens home ownership more directly because all are subject to the onerous and growing tax.