According to Texas-based economic analysis firm The Perryman Group, Texas lost an estimated $4.23 billion in GDP while Governor Greg Abbott’s unconstitutional changes to trucking inspection procedures were in place from April 6 through 15. However, while Abbott...
The White House’s budget released Monday included a new tax on billionaires but it didn’t take long for Sen. Joe Manchin (D-WV) to throw cold water on the idea. The proposed “Billionaire Minimum Income Tax” would impose a new minimum tax of 20 percent on...
Austin City Council recently passed a resolution to address wage theft among construction firms, becoming the third major Texas city to do so after Houston and El Paso. The resolution will create an ordinance that allows the city to assist employees with filing wage...
As the world is gripped by a pandemic-induced supply chain crisis, Congress has relaunched the supply chain caucus to tackle the issue. The supply chain caucus, which was formed by Rep. Colin Allred as well as Rep. David Rouzer (R-NC), Rep. Rodney Davis (R-IL-13), and...
On Wednesday, the Taylor City Council and Williamson County approved incentives to lure a $17 billion Samsung chip factory to Taylor. This comes amid a global chip shortage that has left nations scrambling to secure their supply chains. Under the planned...
One of the most important elements of the American Rescue Plan was the enhanced child tax credit and today the second round is going out. Thanks to the $1.9 trillion stimulus package, which every Republican in Congress voted against, qualifying families will receive...
Following a decision by Gov. Greg Abbott, federal pandemic-related unemployment benefits are ending Saturday — more than 70 days before the federal benefits actually expire. That includes a weekly $300 unemployment supplement that continues to be relied on by...
There’s a new gold rush in Texas. It’s not for oil or natural gas, but for cryptocurrency. Two new Texas-based Bitcoin mining facilities have been announced in just the past week. One is from Marathon Digital Holdings in partnership with Compute North, while the other...
On Monday, Gov. Greg Abbott announced that Texas will be opting out of President Joe Biden’s federal unemployment benefits package. This means that Texans who filled for unemployment will no longer receive a $300 weekly check from the federal pandemic relief program...