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.
Ban Foreign Funding in Ballot Propositions
Despite federal laws prohibiting foreign funding of candidate elections, foreign individuals and entities are still able to fund campaigns related to state and local ballot initiatives in multiple jurisdictions, creating a loophole that hostile foreign actors can exploit to influence American elections. Key points: Federal law prohibits foreign nationals from contributing to candidate campaigns or...