Spending
In Their Own Words – Part Three – Republican Gubernatorial Candidates on Cutting Government Spending
On January 13, the True Texas Project hosted a Gubernatorial Forum for Republican Candidates for Governor. Among the attendees were former Republican State Sen. Don Huffines, former Florida Republican Congressman and former Republican Party of Texas Chairman Allen West, and…
Explainer: What Is Fractional Reserve Banking?
In response to our article defining the correlation between inflation and interest rates, TFR has been asked by many subscribers to explain the system that makes this possible. What is fractional reserve banking? Fractional reserve banking is a system of…
Inflation Soars to 7% a 40 Year High
CPI data released this morning revealed that the year-over-year inflation rate has hit 7%. This is the highest rate experienced in 40 years (since 1982) in the USA and there is no sign that we will be inflecting downward…
Huffman Named Chairman of Senate Finance
Tuesday, Texas Lt. Gov. Dan Patrick announced that he was naming Republican State Sen. Joan Huffman (Houston) as the new Chairman of the Senate Committee on Finance, replacing outgoing Republican State Sen. Jane Nelson (Flower Mound) who has chaired the…
Inflation hits 30 year high at 6.2% year over year according to CPI data.
According to CPI data released today, inflation has hit a 30 year high at 6.2% year over year. This has officially killed the narrative that “inflation is transitory” and will magically disappear according to the Federal Reserve. But what is…
It’s Time to Rethink Public Education Funding
Texas has more than 1,200 school districts and the formula that funds this leviathan is confusing and frustrating. This must change, allowing for transparency and accountability. The school districts get most of their funding from locally levied property taxes. This…
Taxpayers Ask For Steak, But Receive Spaghetti Instead.
Recently Governor Abbott tweeted that among other conservative legislation, the Texas legislature just passed property tax relief. This should be cause for celebration! We finally got what we have spent years begging our elected officials for! We are finally going…
Local Governments Can Only Overpower Taxpayers If They Are Well Funded
There seems to be a common pattern in Texas politics when it comes to local governments. Whether it is increasing property taxes, subsidizing businesses, imposing mask mandates, or defunding the police, local governments seem at odds not only with the…
TFR Statement on State Budget
Following the Texas Senate’s passage of the conference committee report on the state budget, Texans for Fiscal Responsibility president Cary Cheshire issued the following statement: Texas lawmakers have passed a budget that does not deliver substantial property tax relief. Instead…