Texas’ pro-growth, low tax environment has been critical in making the state what it is today: an economic powerhouse. To maintain this competitive advantage the Legislature should avoid creating a personal income tax and encourage economic growth by keeping taxes low and adopting pro-growth reforms.
Reinvigorating Federalism and Fiscal Discipline in Texas: Establishing the Office of State Sovereignty
Texas governments received $84.3 billion in federal funding in 2023, raising concerns over financial dependency and regulatory consequences. Creating an Office of State Sovereignty to monitor the application, receipt, and conditions of this aid could mitigate fiscal risk and improve transparency. Key points: Texas lacks a centralized system to oversee federal grants potentially flowing to...