If We Want the Texas Economy to Avoid a Stumble, We Must Take This Step

If you look at the Texas economy from afar, it is difficult to see anything except a long list of successes.The state is arguably the most resilient in the nation, producing more economic activity than most nations. It is propelled by international trade, energy and constant construction to accommodate a burgeoning population. Low interest rates and a tax climate conducive to corporate relocations and expansions haven’t hurt either.But despite its many wins, Texas isn’t immune to the business cycle, global slowdowns or the corrosive effect of a protracted trade fight between Beijing and Washington. With signs of an economic slowdown looming, Congress could cushion the slide by ratifying the United States-Mexico-Canada Agreement.  Continue reading...