Each morning, we wake to the grim news that more of our fellow Texans have succumbed to the coronavirus, and even more have been diagnosed.
As I write this, more than 700,000 Texans are expected to file for unemployment, and one out of four small businesses surveyed by the U.S. Chamber have said they are one month away from remaining shuttered once the crisis is over. Even the mightiest Texas industries such as energy, retail, and manufacturing have been brought to their knees.
At the same time, respected economists have made dire predictions about the pandemic’s effects on the state coffers – a gap of $10-20 billion dollars is anticipated just when Texans need the help most. The Texas and the American economies have been hit really hard.
That is why I am respectfully suggesting that Governor Abbott appoint an Economic Recovery Task Force — a bipartisan group of civic and business leaders representing all segments of the Texas economy. This collection of Texas’ top talent should come together with one focus in mind: how to get Texans back to work. There is no American recovery without a Texas recovery, and Texas can lead the way if we act quickly.