The budget shortfall could be a good thing for Texas. A smaller government is more predictable, and leads to regulatory certainty. Having that environment allows businesses to grow. This is true at both the federal and state level.
At a recent Heritage event, U.S. Representative Eric Cantor recently laid out a plan for rebuilding our economy and building our business climate. Specifically, Congress should:
Texas should look at similar ways to reduce taxes and regulation.
As one State Representative recently pointed out, “if you continue to feed government, it will continue to grow and ask for more.” This budget shortfall is a good time to reflect on what policies made Texas great, and how to make sure we strengthen those policies.