It's not clear to me if Texas is taking anyone else's money – from what I can tell some Texans (and Texan companies) have to pay higher taxes because other Texas companies are receiving these tax benefits.
it does kinda look like Texas spends 51% of its state budget ctrl+Z'ing federal taxes - unless I've got that wrong?
It passes up revenues equal to 51% of its budget ctrl+Z'ing its own taxes selectively.
srsly? omgwtfbbq!
(I've been waiting for many years for an appropriate reason to use that ridiculous non-acronym. Thank you Texas.)