The day after Republicans won solid majorities in the House and Senate, House Speaker John Boehner and Senate Majority Leader-to-be Mitch McConnell outlined priorities for the newly elected Congress. High on the list is fundamental tax reform. In addition to overhauling the federal tax code, however, Congress should rein in the Internal Revenue Service.
Soon-to-be Senate Majority Leader Mitch McConnell’s post-election news conference in Louisville, Ky., last Wednesday deserved more attention than it received. He stated (and then repeated) that “we’re not going to be shutting down the government or defaulting on the national debt,” putting firebrand Ted Cruz on notice that he will marginalize himself if he tries.
As we elect a new crop of public officials in Texas this week, let’s take a moment to appreciate an outgoing official, Susan Combs, Texas comptroller of public accounts.
steps to address one of the most significant of those needs — water. Our reservoirs are only about 63 percent full, and drought is unfortunately an all too familiar sight. But we are facing this issue head-on. In 2011 voters approved $6 billion in bonding authority for water projects based on statewide assessments, and just one year ago voters approved moving $2 billion from the Economic Stabilization Fund, also known as the rainy day fund, to fund water projects for Texas.This is a responsible use of rainy day fund dollars, and these are essential steps taken toward protecting Texans from...
Texans scored a significant victory this week when the U.S. District Court in Washington D.C. soundly rejected claims by plaintiffs asserting that the dunes sagebrush lizard should have been listed as an endangered species over two years ago.
Bill Clinton made news earlier this month when he revealed, at a joint appearance with George W. Bush, that the 43rd president used to call him twice a year during his troubled second term "just to talk.""We talked about everything in the right world," Mr. Clinton said of the conversations, which lasted anywhere between 30 and 45 minutes. "He asked my opinion, half the time he disagreed with it. But I felt good about that, I thought that was a really healthy thing."
Texas sold $5.4 billion of one-year notes at a record-low yield for the second-most populous U.S. state of 0.13 percent, according to the comptroller’s office. The borrowing, which will pay for schools and other expenses before receiving tax revenue, is the state’s smallest short-term note sale since 2007 and beat last year’s previous all-time low of 0.201 percent.
Premiums for individual major medical plans in Florida that are compliant with the federal Patient Protection & Affordable Care Act (PPACA) regulatory requirements will go up an average of 13.2% in 2015, according to data provided to the Florida Office of Insurance Regulation (Office) by insurance providers.
I wanted to let you know about a new effort we have undertaken for the fall General Election. As the CFO of the state, I have a broad and high-level perspective on the state’s economy, and I am constantly amazed at the extraordinary transformation that has taken place in Texas over the past few decades. How did this happen? About 20 years ago, conservative leaders set in motion policies and strategies to provide the best chance for every Texan. Their mission was simple: keep taxes low, keep government small, reward innovation and investment with certainty...