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.
Economy
2019-20 LEGISLATOR’S GUIDE TO THE ISSUES
A comprehensive guide to the most important issues facing Texas during the 86th Session of the Legislature. Among the issues covered in this Guide are education, taxes and spending, health care, effective justice, private property rights, insurance, telecommunications, transportation, tort reform, energy, and natural resources.
September 7, 2018