Economy

It is no accident that Texas consistently leads the nation in job creation. Some have described this economic powerhouse as a "Texas Miracle." But, we know better than that. The Texas Economic Experience is rooted in concepts and principles that will work anywhere they're tried: Keeping taxes low, creating a predictable regulatory climate, cracking down on lawsuit abuse, and investing in critical infrastructure like roads, water and schools in a fiscally responsible way.
John Cornyn and I authored the following op-ed in the Dallas Morning News on what they would like to see in an updated North American Free Trade Agreement (NAFTA) based on the Texas model.
Yesterday I issued the following statement regarding Panama’s announcement earlier this week to sever diplomatic relations with Taiwan:
Last week I participated in a roundtable discussion with community leaders and executive board members of the Borderplex Alliance in El Paso. There, I discussed the importance of trade to the Texas economy, my efforts in...
When President Obama signed the 2,300 page Dodd-Frank Act into law, it created a system that added more than 400 burdensome financial regulations, allowed banks to become “too big to fail" and hurt small businesses and...
Yesterday I attended the White House announcement of the new Air Traffic Control (ATC) system reform and modernization initiative.
According to a report sponsored by the U.S. Chamber of Commerce, remaining in the Paris Climate Accord would cost the American economy and workers 6.5 million jobs and $3 trillion in economic growth by 2040. 
The bill overrides local ordinances like Austin's that regulate ride-hailing services and only needs Governor Greg Abbott's signature to become law.
I released the following statement in response to President Trump's 2018 budget proposal:
President Trump's plan to seal the border poses difficulties for companies that might bid for the job. Divestment or blacklisting legislation has been proposed in seven states.
Looking at the Trump Tax Plan, what grabs you is how the corporate rate is similar to Ted Cruz’s business tax rates, which were proposed in the primary, and how similar Trump’s individual tax plan is to Marco Rubio’s while...
The new program, which will cost $200 million and take some authority away from the Department of Labor, looks to start filling the 6 million vacant jobs in the United States that are vacant, in part, because job training...
In the wake of the 2008 financial crisis, Democrats promised that passage of the Dodd-Frank Act would reinvigorate a sluggish economy, protect consumers, and end bailouts, but it accomplished just the opposite.
Last Saturday, I joined old friends, local biologists and anglers in the final day of the 2017 federal red snapper season. Red snapper fishing, both commercially and recreationally, is a big part of the economy and people’s...
I was at the White House yesterday for President Trump’s announcement to reform the U.S. Air Traffic Control System.The plan will transfer air traffic control from the FAA to a non-profit public-private corporation, leading...
Donald Trump did the right thing by saying goodbye to the Paris agreement and if nothing else, it will begin an honest debate on climate change science, which if truth be told, is dismal.  The other aspect is that for the...
On Thursday, I joined local Texas radio hosts to discuss tax reform, and my efforts to repeal and replace Obamacare and lower health care premiums. I also praised the reports that President Trump was expected to withdraw the...
President Trump said that he wants a merit-based immigration system that “nations around the world, like Canada, Australia, and many others have.”
Our nation's broken tax code is a major impediment to the success of American farmers, ranchers, and businesses of all sizes. That's why, in coordination with President Trump and our colleagues in the Senate, we are moving...
Steel and iron producers in Texas are hoping that before the legislative session ends this month, lawmakers will approve a bill prohibiting the use of cheaper foreign steel in taxpayer-funded construction unless a certain...
The U.S. job market rebounded strongly last month and the unemployment rate fell to the lowest level seen in a decade, government data released Friday morning showed, calming fears that had bubbled up in the past month about...

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