Economy

Latest Columns

A public benefit for corporations that give back

At a time when a constrained state budget will undoubtedly leave many needs within our communities unmet, Texas should — at minimum — facilitate opportunities for private investment in the greater good. Legislation enabling B-Corps this session would help the private sector invest in the growing needs of our state now, while simultaneously meeting today's dynamic market demands. 

Original intent and the Texas Rainy Day Fund

The reason we created the fund was to flatten out the available revenue stream from the up-and-down swings of the economy so that constant levels of services could be provided, including covering higher costs as those needing or qualifying for government services increase.

Texas, don't make the mistake North Carolina made

As a member of the North Carolina General Assembly who has watched the HB2 trainwreck up close for the last year, here’s some advice to my Texas counterparts: When it comes to state-sanctioned discrimination, let North Carolina remain the Lone Star State — for now.

Bring Rate Competition to Title Insurance

Despite our free-enterprise culture, there are pockets of anti-competitive behavior where government regulation and edict rule the day, harming consumers with a 19th century regulatory model. One such industry that fits that description is title insurance.

Texas should challenge the movement to boycott Israel

A strong Israeli economy backed by a thriving Texas market provides Palestinians the potential for greater self-sufficiency through gains in financial independence and economic solvency. And continued collaboration with Israel by Texans will not only benefit consumers, employers and economy of Texas, it promotes regional stability through economic interdependence.

Hiring veterans boosts Central Texas businesses

Central Texas is a growing hub for technology and innovation, and the concentration of current and former members of the U.S. Armed Forces in our region is a major asset for the businesses and communities that are key to this economic dynamism.

We need to keep North America working

Many voices are calling for the United States to retrench and retreat from the world, including distancing ourselves from neighbors in North America. Yet the reality of life across Mexico, Canada and the United States shows that we are connected to our neighbors in ways that benefit all of us.

How overtime pay changes could affect Texas employers

The Department of Labor’s impending proposal to dramatically change the cost of overtime pay exemptions under the Fair Labor Standards Act may force Texas employers to increase pay to an estimated 400,000 employees if the proposal is finalized without changes. How can employers comply with these changes?

Quarterly revenue forecasts make sense for Texas

Requiring the Comptroller's Office to update the state's revenue forecast every three months would be a tremendous improvement over the ancient method of predicting revenues at the start of each legislative session, baking a two-year budget around the numbers — and then not revising the forecast until after the governor has signed the budget and lawmakers have gone home.

Slowing Texas economy underscores need for property tax reform

The Lone Star State’s labor market woes are a good reminder that, especially in today’s topsy-turvy world, Texas needs the right policy prescriptions in place to have the best chance at economic success. And while Texas has done well in the past to enact pro-growth policies, there is still room for improvement — especially when it comes to reforming the state’s onerous property tax.

How to accelerate the Texas economy

Lawmakers have found more funding for our roads and highways, but it’s not enough. A temporary gas tax increase pegged to the price at the pump would fill that hole — and help put laid-off Texans back to work.

Texas' economic segregation crisis

Texas' major metro regions are now among the most economically segregated parts of the country. It will take a new generation of policies to make sure that all Texans have a true shot at success.

2015: An agenda for business

Only when Texans succeed will business be able to succeed. And now, thanks to plunging oil prices, we'll have to work hard to ensure that initiatives that will benefit all Texans are funded.