AUSTIN — A newly struck budget deal is giving new Republican Gov. Greg Abbott the tax cuts he demanded but remains blemished by skepticism that Texas homeowners will notice any savings.
Ending weeks of discord between the House and Senate, the agreement late Thursday on a $3.8 billion package of new exemptions puts Abbott close to signing Texas’ biggest tax cuts in a decade and the bragging rights of finishing his first legislative session on time.
Republicans campaigned hard on tax cuts in 2014, and after the Legislature adjourns June 1, they can boast to voters back home they delivered. But even House Republicans have doubted their base will feel roughly $120 knocked off their property taxes, given fast-rising home appraisals in Texas, is enough.