Paxton Unveils $50,000 Housing Deductions and $4,400 Child Credit in Texas Senate Race
Updated
Updated · The Texas Tribune · Jul 31
Paxton Unveils $50,000 Housing Deductions and $4,400 Child Credit in Texas Senate Race
3 articles · Updated · The Texas Tribune · Jul 31
Summary
$50,000 homebuyer deductions and a child tax credit doubled to $4,400 anchor Ken Paxton’s new Senate economic plan, which he rolled out with a digital ad and a Texas tour starting next week.
The proposal targets the issue dominating the race: 37% of Texas voters in a Fox News poll named inflation and high prices their top concern, rising to 43% among independents.
Paxton also calls for a $25,000 deduction for out-of-pocket medical costs — plus $25,000 per dependent — and a $5,000 write-off for gym, nutrition, youth sports and GLP-1 expenses.
The package would also make permanent the GOP-backed Trump accounts pilot, which gives eligible children $1,000 in federal seed money and allows up to $5,000 a year in contributions.
The plan lands in a tight contest with Democrat James Talarico, who leads 51% to 48% in the poll and is pushing higher taxes on billionaires and corporations, a public insurance option and housing measures.