It has often been suggested that Texas expand state-controlled gambling to increase state revenue in order to address the funding priorities du jour. For instance, one group suggested that gambling is a good way to “generat[e] more tax revenue for the state” in order to “rectify the anticipated budget imbalance.” However, turning to gambling for more government revenue is wrong on several counts.
Local Government
Reducing Regulatory Uncertainty: Sandboxes And Letters of Interpretation
Burdensome and confusing regulations often thwart business innovations. A process is needed to provide these businesses with greater certainty about which regulations apply and approval to proceed with operations without penalty. Key points Regulations often adversely affect economic growth, particularly with innovation and new initiatives. Individuals and businesses may feel reluctant to commit capital and...
November 17, 2022