With the Texas legislature now in session, calls for increased taxes are being sounded by the advocates of numerous programs. Taxes are being proposed on businesses, “the rich,” and other sources. But because all taxes are shared, everyone is negatively affected.
Reinvigorating Federalism and Fiscal Discipline in Texas: Establishing the Office of State Sovereignty
Texas governments received $84.3 billion in federal funding in 2023, raising concerns over financial dependency and regulatory consequences. Creating an Office of State Sovereignty to monitor the application, receipt, and conditions of this aid could mitigate fiscal risk and improve transparency. Key points: Texas lacks a centralized system to oversee federal grants potentially flowing to...