Applying a destination-based cash flow tax—better known as a “border-adjustment tax,” or BAT—to the import of reinsurance would have significant effects on the cost and availability of a range of insurance products. This report projects that, for Texas consumers, the impact would be $3.39 billion in higher property-casualty insurance premiums over the next decade.
Economy
Don’t Fence Me In: Lianne’s Story
Family, then finances—and opportunity. Those are what brought Lianne Halpern back to tiny Shamrock, a small, dusty stop on the famous Route 66 in the Texas panhandle. Like generations of Americans before, Lianne and her family had traveled west along that route in search of the golden promises of California. Lianne’s father worked in the...
January 29, 2026