This perspective provides a comparison of two types of taxes–consumption vs. business–and their effects on the state economy. It finds that all taxes are not created equal and they produce very different incentive effects on the state’s long-term economic health.
Toward a More Well-Informed Citizenry
The 86th Texas Legislature sought to enhance public debt transparency through the creation of Voter Information Documents (VID). However, this instrument is not accurately providing debt amounts and needs reform. Key points: Governments are manipulating the VID methodology to deny voters accurate tax impact estimates. Many VIDs are dissimilar, making comparative analysis challenging. There is...