Texas has been one of the strongest performing states in the US for a number of years, attracting more major corporate locations and expansions than any other and regularly topping lists of the best places to do business. As examples, the state has won the "Governor's Cup" for the most major projects for the past eight consecutive years and was recently named the "State of the Decade" by Site Selection magazine.
Although there are many considerations in the corporate location decision process, the initiatives undertaken by economic development professionals (and funded by economic development sales tax receipts) have been the major contributing factors in many cases, and the Texas economy has benefited tremendously.
Dr. Perryman assesses the trade-off in short and long-term economic activity that accompanies an increase in taxes.
In the midst of a shutdown, state sales tax numbers for March saw a significant drop. Dr. Perryman describes what this means and what can be expected from the coming months.
Prop 4, a constitutional amendment making it more difficult for lawmakers to pass a state income tax, passed by a three to one margin.
The Trump administration now says it is looking at a payroll tax cut as one way to offset fallout from the trade war.
The state's political leaders say they have reached a deal on legislation designed to slow the growth of rising property taxes.
The Dow broke through the 23,000 barrier last week and shows no sign of slowing down, but Dr. Perryman says how high it goes is up to Congress.
The Tax Foundation is out with its annual ranking of the business tax climate across the country, and Dr. Perryman says Texas came in 13th.