Texas to Abolish Gold Taxation as APP Launches Related Website on States and Sound Money The Texas Senate on Wednesday night passed H.B. 78, a bill that eliminates the sales tax on precious metal coins and bullion. It now goes to Governor Rick Perry’s desk for his signature into law. Existing Texas statute applies the [...]
Gold Is Money Project
Money with independent value is a crucial component of a free society and a free market. Gold has proved throughout history to be the ideal monetary commodity because it is universally valuable and has a steady supply growth. The classical gold standard produced the highest levels of long-term price stability and economic growth of all U.S. monetary systems. The current paper dollar standard has caused financial disorder and kept the American economy from reaching its potential.
The American Principles Project promotes gold-backed monetary reform at the national and state levels. We educate lawmakers and policymakers about the need for such reform, communicating these themes through the mainstream media, and engaging with activists and voters on this cause. APP championed a presidential commission on gold before it was included in the Republican primary contest, has been the leader of the movement to use states’ constitutional legal tender power to monetize gold, and has reached mass audiences though commercials and town halls.