AUSTIN – The Texas Public Policy Foundation’s Economist Dr. Vance Ginn testified today before the Texas Senate Transportation Committee on the interim charge recommending ways to compress or otherwise reduce the number of required inspections. Dr. Ginn also today released a new paper, Costs of Texas’ Passenger Vehicle Safety Inspection, examining the cost and effectiveness of the inspections.
“While the benefits are minimal, the costs are significant; the inspections have taken close to $2.4 billion out of the pockets of consumers over ten years,” said Dr. Ginn. “By eliminating the safety inspection burden, Texans will be given the opportunity to choose how best to spend their money to meet their needs and stimulate economic activity.
To read the paper, please visit: http://txpo.li/cost-of-texas-passenger-vehicle-safety-inspection
Vance Ginn, Ph.D. is an Economist in the Center for Fiscal Policy at the Texas Public Policy Foundation.
The Texas Public Policy Foundation is a non-profit, free-market research institute based in Austin, Texas.