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Home – Texas Politics & News – How Paxton and Talarico Would Tackle Texas’ Affordability Problem

How Paxton and Talarico Would Tackle Texas’ Affordability Problem

While campaigning in North Texas last week, Texas Attorney General Ken Paxton and Democrat state Rep. James Talarico offered differing plans for tackling affordability issues facing Texans.

Paxton, who held an event in Allen, discussed his plan for addressing affordability, which he called “Protecting the Texas Promise.”

Paxton’s plan centers on reducing taxes for homeowners and providing parents with a larger tax credit.

He proposed an annual $25,000 federal tax deduction for all out-of-pocket medical expenses, with an additional $25,000 deduction for each dependent; a $50,000 tax deduction for first-time homebuyers; and a $5,000 tax deduction for expenses related to a healthy lifestyle, such as gym memberships and GLP-1 medications.

Paxton also said he wants to double the child tax credit to $4,400 per child under 17 and make Trump Accounts for children permanent.

Meanwhile, Talarico held an event in Arlington, where he detailed his “New American Dream” plan to address affordability.

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