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.
Taxpayer-Funded Lobbying
FACT SHEET: Understanding Taxpayer-Funded Lobbying Taxpayer-funded lobbying (TFL) is a complex and unfortunate feature of state and local governance. While lobbying is typically associated with private interest groups attempting to influence government decisions, taxpayer-funded lobbying flips this model: it involves government entities themselves using public funds to influence legislative outcomes. The Texas Public Policy Foundation’s...