Although the investigations into what caused the Deepwater Horizon accident are still ongoing, and the presidential commission on the oil spill has only begun its work, Congress has been busy with legislative initiatives that could significantly alter the landscape of energy production in America. Unfortunately these early measures (principally H.R. 3534 and S. 3663) may cause more problems than they solve, especially for Texas.
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...