Paxton's Tax Plan Details

Texas Attorney General Ken Paxton pitched new federal tax deductions for homebuyers and medical expenses at a Fort Worth rally on October 19, 2026.

“Everything's up except their paycheck”

Homebuyer Deduction

Paxton proposed a $50,000 deduction for first-time homebuyers and a subsequent $50,000 down-payment deduction for people moving to a new primary residence.

Medical Expense Deduction

The plan includes a $25,000 deduction for out-of-pocket medical expenses including health insurance premiums and an additional $25,000 deduction for each dependent.

Healthy Living Deduction

Paxton also proposed a $5,000 deduction for eligible healthy-living expenses including gym memberships, nutrition programs, and GLP-1 medications.

Child Tax Credit

Paxton wants to double the child tax credit to $4,400 per qualifying child from the current $2,200 maximum.

Trump Accounts Pilot

Paxton also wants to make permanent the Trump Accounts pilot's federal seed contribution program offering a one-time $1,000 contribution for eligible U.S. citizen children born from January 1, 2025, through December 31, 2028.

Voter Turnout Push

Republican Texas House candidates Cheryl Bean and Ellen Fleischmann urged early voting as California refugees expressed frustration with state policies.

“Several are California refugees. They came here because of the way that California has gone, and they are pissed”