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Lawsuit Reform Huge Boost to Texas Economy

Economic study shows reforms have brought billions of dollars to state, created a half million jobs. For Immediate Release April 28, 2008 Contact: Sherry Sylvester 210-241-5296

(AUSTIN, TX) April 28, 2008 – A new report by nationally recognized economist Ray Perryman shows lawsuit reforms enacted in Texas beginning in 1995 have resulted in $112.5 billion in annual spending in Texas, 499,000 new, permanent jobs and a $2.6 billion increase in state tax revenue giving Texas a resounding competitive advantage in these challenging economic times. “Lawsuit reform has led to improvements in the Texas business climate that have generated hundreds of thousands of jobs, said Perryman. “Approximately 8.5 percent of Texas economic growth over the past decade is the result of lawsuit reform.” “Lawsuit reform has been good for Texas, bringing fairness and balance to our courts and boosting our economy, creating jobs, spurring business expansion and attracting thousands of new doctors to our state," said. TLR Chairman Richard Weekley. Read the full press release...

 

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About the Texans for Lawsuit Reform Foundation

Texans for Lawsuit Reform Foundation is a nonprofit research organization that provides objective analysis and cutting edge solutions to the challenges presented by the Texas civil justice system. The Foundation’s publications reflect the comprehensive and in-depth legal research necessary to assure that Texas develops and maintains a civil justice system that serves every Texan.