If the U.S. Congress increases federal cigarette taxes and faces long-term declines in the sale of cigarettes as a result of the increases, so too will Texas face declining state tax revenue.
Health Care
Bankrupt by Free Health Insurance
As the federal government is seeking to expand the Obama Affordable Care Act by extending subsidies and giving more people coverage, bankruptcies linked to medical debt have not fallen. Instead, they have risen. Most Americans filing for bankruptcy over medical bills have medical insurance. The Affordable Care Act failed to cure medical bankruptcies. A 2019...
October 19, 2022