Libertarians are working together with TURF, Texans Uniting for Reform and Freedom, to stop what some have dubbed the largest tax increase in Texas history.
On Wednesday morning, Libertarians from across the state will converge at the capitol, and call their state representatives to demand a stop to public-private partnerships funded with Texas tax dollars and pension funds.
"Toll roads cost up to twice as much to build as non-tolled expressways," said LPT Executive Director Robert Butler. "The toll roads aren't a free market privatization plan. You're granting monopoly rights to private operators. The bonds backing these toll roads have clauses that prevent competition and are guaranteed with tax dollars."
In 2007, by a combined vote of 169-5, the Texas Legislature passed a moratorium on private toll contracts, called comprehensive development agreements (or CDAs) that privatize and sell Texas highways to the highest bidder. That moratorium ends August 31, 2009, and CDAs, except for approximately a dozen projects that were exempted, sunset with it. CDAs are the primary financial vehicle used to construct the Trans Texas Corridor.
"I want to cut taxes and spending," declared Libertarian activist Wes Benedict. "They have refused to approve low-cost road improvements claiming they don't have the funds, then propose rail and toll roads which cost up to ten times more than buses and non-tolled roads per passenger mile of added capacity. Light rail and toll roads cost too much and do too little."
About the Libertarian Party of Texas
The Libertarian Party of Texas supports more freedom and less government. We are fiscally conservative and socially tolerant.
We seek to restore the great American free enterprise system that made us the strongest, most powerful economy in the world: lower taxes, free markets, free trade, less regulation, and less red tape for businesses big and small.
We respect your right to live your life the way you see fit, and expect you to take responsibility for the consequences.
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