Texas seeks to permanently ban taxes to lure businesses

Texas residents are voting on ballot measures to permanently ban capital gains tax, stock trades or payroll tax, and estate or inheritance tax. SMU Dedman School of Law Professor Carliuss Chatman explains that this initiative, despite these taxes not currently existing, aims to provide permanent, non-repealable tax incentives to businesses, making Texas an 'irresistible' location for companies seeking to avoid future tax burdens.