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
A National Divorce? No Thanks, Let’s Just Follow the Constitution
When we follow it, our Constitution is well suited to achieve its Preamble’s enumerated ends, namely to: “…form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, promote the general Welfare, and secure the Blessings of Liberty to ourselves and our Posterity.” That more people question the Constitution’s viability today...
March 27, 2023