Sound like Texas is flush. Guess they won’t be needing that Federal flood aid after all.
“Sound like Texas is flush. Guess they won’t be needing that Federal flood aid after all.”
That is quite the statement.
Texas may or may not be “flush.” They may just believe that by lowering their tax RATE they will attract more businesses to relocate, thus increasing their tax BASE resulting in greater revenues.
You add the concept that, since they are “flush” they should not get the same return of their federal taxes paid as, say, California for its drought, since Texas more wisely managed its budget and it does not, therefore, “need” the flood aid. Texans get flood aid from the feds because they pay federal taxes, not because they squandered their money on luxuries and stupidity and can’t afford to weather a simple crisis.