Texas bond elections often pass with low voter turnout and simple majorities, driving up local debt as a result. Raising voter approval thresholds could protect taxpayers and ensure a stronger consensus for public spending. Key points: Even though tax relief has been funded at the state level, increased debt at the local level has led...
The California governor correctly figures that if he stays on offense, his own dismal record will be ignored — even if that offense is odd. Being Gavin Newsom means never having to explain yourself — being able to hurl accusations and nonsensical claims with nary a follow-up from the press. Newsom’s foray into the World...
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.