As the Texas House considers House Bill 3, a tax bill that institutes new taxes in order to fund HB 2 (the education reform bill passed last week), the Texas Public Policy Foundation, the National Federation of Independent Business, and the Texas Conservative Coalition Research Institute are offering a solution that meets revenue needs without doing damage to Texas’ economic growth and competitive advantage.
TWIA’s Expanding Reach Raises Fresh Concerns
TWIA has become the leading wind and hail insurer in the catastrophe area. Its position has direct and indirect consequences for Texans statewide. Key points: Since 2020, TWIA has steadily increased its market share in the catastrophe area, raising concerns about scope and cost. TWIA’s quasi-governmental model imposes potential costs on statewide policyholders and private...