25. Conservative Texas Budget?
In this newsletter, I discuss the latest on the 2022-23 Texas budget, Biden's incomplete budget, costs of raising the corporate income tax, economic situations, and more to let people prosper.
I hope you had a blessed week and a prosperous weekend. We had a great time visiting family—even if it was in College Station. Ha!
Kirsten Gillibrand @SenGillibrandPaid leave is infrastructure. Child care is infrastructure. Caregiving is infrastructure.
Let’s get to the latest info to let people prosper!
TEXAS ECONOMIC AND FISCAL SITUATION
Big News in Texas
Check out my TV interview on Texas Capital Tonight.
How much is enough for government schools? According to too many, MORE! This is a flawed approach that overlooks the unique needs of students and tradeoffs of redistributing taxpayer money from the productive private sector. We should fund students instead of institutions.
Testimony Before Texas Legislature
I testified on three key bills before the House Appropriations Committee that you can watch here (at times 00:59:00 for HB 2, 2:08:30 for HB 2021, and 02:18:00 on HB 2896), with HB 2021 being one that received a lot of attention.
Testified for HB 819 that creates pilot programs to reduce occupational licensing and franchise taxes in disadvantaged areas.
Testified for HB 1923 that would require a study on supply chains in Texas so that entrepreneurs can have more opportunities to fill those gaps experienced during the pandemic and recent freeze.
U.S. ECONOMIC AND FISCAL SITUATION
Check out the Ginn Economic Brief on the U.S. economic and fiscal situation after the recent jobs report and fourth-quarter GDP data.
Raising the corporate income tax will not only mean less economic growth and job creation in the U.S., but it will also mean higher combined federal and state corporate tax rates among states thereby reducing their ability to compete on a global playing field.
TEXAS OPEN, NOW OPEN AMERICA
Let us focus on these Godly words this week:
Here’s a quote from one of my favorite economists Milton Friedman:
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Vance Ginn, Ph.D. | www.vanceginn.com | #LetPeopleProsper