
A new policy brief from the Mercatus Center at George Mason University outlines how state regulatory reform could drive greater economic growth for Texas.
“The vast size of Texas’s regulatory code . . . represents a chance for policymakers to boost the state’s economy,” Senior Research Fellow and Director of Policy Analytics Dr. Patrick McLaughlin said in the brief.
Dr. McLaughlin, who authored the report, highlights places that have implemented changes to improve their regulatory systems—either by slashing their overall number of rules or reforming their regulatory processes—and notes the economic gains residents have seen a result of those changes. He explains that reducing regulatory red tape in Texas could add billions to our already strong and growing state economy, estimating that a baseline 10 percent reduction could lead to $52 billion in economic growth by 2037 alone.
CRER is working to create a more modern and transparent state regulatory system, where rules are reviewed on a regular basis; are evaluated according to how well and how efficiently they work; and are easy for anyone to find and understand. Such a system would create new jobs, drive continued prosperity for our state, and benefit all Texans.
See CRER’s agenda for the legislative session here.
Find the full Mercatus brief here.
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