Perrypedia

Perry's Embrace of Tax Subsidies Could Haunt '16 Bid

Rick Perry in 1991 at Uncle Ben's rice offices in Houston to promote his Make It Texas initiative. The program was designed to promote the agricultural processing industry with loan guarantees, but a high failure rate sank the program and triggered a $14.7 million bailout in 2009.
Rick Perry in 1991 at Uncle Ben's rice offices in Houston to promote his Make It Texas initiative. The program was designed to promote the agricultural processing industry with loan guarantees, but a high failure rate sank the program and triggered a $14.7 million bailout in 2009.

Former Texas Gov. Rick Perry has been promoting tax subsidies for private businesses since the early 1990s. But the programs have rarely lived up to their promise, and a series of damning audits could hurt his expected 2016 presidential run.

Prosecutors Lift Veil on Perry's Alleged Crimes

Prosecutor Michael McCrum gathers his thoughts as testimony continues in Travis County District Court on the Gov. Rick Perry case on Nov. 6, 2014.
Prosecutor Michael McCrum gathers his thoughts as testimony continues in Travis County District Court on the Gov. Rick Perry case on Nov. 6, 2014.

Prosecutors on Friday followed a judge's direction and sharpened their two-count indictment against Rick Perry, providing the clearest look yet at the crimes they believe the former governor committed.