The following appeared in the Fort Worth Star-Telegram on April 20, 2019: 2. Top Texas Republicans are touting a way to lower skyrocketing property taxes across the state: Raise the sales tax instead. Their tax-swap proposalwhich would boost the statewide sales tax by 1 percent, from 6.25 percent to 7.25 percent-would have to be approved both by the Legislature and by Texas voters later this year before it could go into effect. [property taxes would be reduced by the amount of the sales tax increase].. A one-cent boost in the state's sales tax would generate an extra $4.9 billion the first full fiscal year and $5.15 billion in the second, said Kevin Lyons, a spokesman for the Texas Comptroller's office. In 2017, Texans paid $59.4 billion in property taxes, up from $40.3 billion in 2010 and $22.5 billion in 2000, state records show." Evaluate this proposed swap of property tax and sales tax regarding its progressivity or regressivity, potential efficiency shifts, and tax incidence shifts (i.e., give your opinions). Assume you are a home owner with a median income and a median priced home. a. The following appeared in the Fort Worth Star-Telegram on April 20, 2019: 2. Top Texas Republicans are touting a way to lower skyrocketing property taxes across the state: Raise the sales tax instead. Their tax-swap proposalwhich would boost the statewide sales tax by 1 percent, from 6.25 percent to 7.25 percent-would have to be approved both by the Legislature and by Texas voters later this year before it could go into effect. [property taxes would be reduced by the amount of the sales tax increase].. A one-cent boost in the state's sales tax would generate an extra $4.9 billion the first full fiscal year and $5.15 billion in the second, said Kevin Lyons, a spokesman for the Texas Comptroller's office. In 2017, Texans paid $59.4 billion in property taxes, up from $40.3 billion in 2010 and $22.5 billion in 2000, state records show." Evaluate this proposed swap of property tax and sales tax regarding its progressivity or regressivity, potential efficiency shifts, and tax incidence shifts (i.e., give your opinions). Assume you are a home owner with a median income and a median priced home. a