This paper examines the recent focus on property tax relief and the Texas tax system’s over-reliance on capital-intensive industries, shedding light on another defect in the franchise tax, a capital defect.
Ban Foreign Funding in Ballot Propositions
Despite federal laws prohibiting foreign funding of candidate elections, foreign individuals and entities are still able to fund campaigns related to state and local ballot initiatives in multiple jurisdictions, creating a loophole that hostile foreign actors can exploit to influence American elections. Key points: Federal law prohibits foreign nationals from contributing to candidate campaigns or...