Texas’ experience with the “margin tax” on state businesses has been a disaster.
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Letter from Austin: TWIA considers alternatives to reinsurance
Meanwhile, a joint legislative committee has been formed to study alternative methods to provide coverage to coastal residents.
No surprise here. State run businesses backed by state subsidies cost taxpayers dearly. Due to decreases in travel and the lagging economy, the Texas Department of Transportation (TxDOT) is subsidizing almost 70 percent more of its toll roads than originally expected. The roads bring in $100 million less than their operating expenses. Thus, the state [...]
Letter From Austin: TWIA Shortfalls, Redistricting, And A New Insurance Commissioner (Maybe)
Texas Director Julie Drenner on insurance rate increases, TWIA shortfalls, and the downside to Ron Paul’s eggs being all in one basket.
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