October 21, 2023

Every Texan: Proposition 3 Will Maintain Texas’ Extreme Wealth Inequality

ITEP Work in Action

We all benefit when everyday Texans, regardless of where we live or what we look like, have a fair opportunity to prosper. Contrarily, a state tax system designed to favor the ultra-wealthy undermines all of us. In Texas, the wealth gap is so extreme that 66 billionaires living in the state own more wealth than 70% of Texans combined. And this November, Texas voters face Proposition 3 – a critical ballot decision that could prohibit future lawmakers from establishing a wealth tax, a key policy to reshape our unfair tax system and make the rich pay what they truly owe.

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