Corporate welfare is when the government favors certain businesses in the form of direct subsidies, tax credits, or favorable regulatory schemes. Sometimes this practice is referred to as “economic development.” This label creates a damaging misconception about corporate welfare, which leads to economic contraction rather than expansion.
Forging Texas: A Guidebook for Legislators
We are forging the future of Texas, and we are forging it together. Its shape and its substance are up to us. Will it be a Texas that encourages entrepreneurship? Will it be a Texas that attracts new businesses and startups through low taxes and more reasonable regulations? Will it be a Texas that places...