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black prada bag existing taxes where applicable. There are also proposals to close loopholes in existing corporate taxes but considering the lock step House voting on tort reform, it's unlikely that the anti tax fundamentalists will break ranks on that one.A couple of sane taxation proposals have in fact been filed. The most comprehensive is HB 3437, by Rep. Eddie Rodriguez, D Austin. In brief, the bill would create a state income tax deductible against federal taxes to be used for public education, thereby dramatically reducing both local property taxes and the state sales tax, and replacing both with a much more fair, flexible, and productive revenue system, under which most people, overall, would be taxed less. It is an eminently sensible proposal and under current political circumstances, it doesn't have a prayer of passage. Political circumstances do change but in the meantime, the Rodriguez bill serves a simple educational purpose: There are alternatives to gridlock, crisis, and stagnation.Less ambitious but more pragmatic proposals include increases in the tobacco tax or other "sin" taxes. Several legislators, including Austin Democrat Elliott Naishtat HB 267 have proposed raising the cigarette tax although each wants to dedicate the revenues estimated at $1 billion or more to something different: health care, child care, education, municipal needs. Like the Rainy Day Fund insufficiently funded in boom times and now too small to be much use, these monies won't go that far. Thus far, the leadership insists it will make up the difference in "efficiencies" of one kind or another. By May those assurances should sound as hollow as they are, and some revenue alternatives will have to be in the mix. Last week, the comptroller joined the chorus recommending more gambling outlets neither a large nor consistent source of revenue, but politically more marketable than taxation see "Naked City," p.15.There has also been discussion of "securitizing" the $15 billion or so to be paid over many years by the tobacco companies to settle the state's lawsuit against them. That means selling off rights to that money for a quick, up front payment instead. But the one time