Texas lawmakers are drawing attention by considering a law that would have Texas review how it would respond should the U.S. government no longer be there to send federal tax revenue back to the state.
The proposal would set up a committee to study what the state gets from Washington, “the effects on the state budget if federal fiscal policy necessitates a significant reduction in or elimination of federal funding” and “a plan to address the loss of federal money.”
The plan, HB 568, has been introduced by Rep. James White, who said in a statement Texas Self-Sufficiency Act “creates a select committee to evaluate the effects of a possible reduction in or elimination of federal funding on the state budget due to federal fiscal policy.”
“Due to the fiscal dysfunction of Washington, D.C., and the fact that more than a third of our state’s budget revenue comes from the federal government, Texas needs to study what it would mean if the federal government couldn’t meet its obligations,” he said.
Action will speak louder than words !
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