Corporate welfare, also known as economic development, is widely used throughout Texas and the nation. From local tax abatements to the Export- Import Bank, governments provide billions of dollars each year in benefits to businesses in an attempt to improve the outcomes of the marketplace. In Texas alone, tax abatements, renewable energy subsidies, development incentives, and direct payments total more than $2 billion annually.
Energy & Environment
Texas Needs To Fix Its Energy Strategy
Texas is America’s manufacturing and energy export powerhouse. If the Trump administration envisions a true American energy renaissance on the horizon, Texas must lead. But before Texas can lead, it must get its own grid in order. Decades of federal and state subsidies—the latter now thankfully dead—have powered an overinvestment in periodic wind and solar...
April 28, 2025