WHEREAS the United States was built on the foundation that private property rights are a sacred cornerstone to democracy; and

WHEREAS, Texas was founded on the principle of protecting private property and it is important to preserve these rights and maintain constitutional protections against regulation and seizure of a homestead; and

WHEREAS, any new tax system designed to address a state budget deficit should not increase the heavy burden property owners in Texas now bear; and

WHEREAS, any reduction in school property taxes shall not be offset by newly created property taxes related to a real estate transaction; and

WHEREAS, any new property tax related to a real estate transaction would create even more barriers to homeownership; and

WHEREAS, it shall be a goal of this State to increase the percentage of Texas homeowners which currently ranks a dismal 45th in the nation; and

THEREFORE BE IT RESOLVED, that the __________________ Party takes a stand for Texas property owners and repudiates any creation of a real estate transaction tax and supports paving the way for more Texans to attain the American Dream of homeownership.