Author Archives: Sven Larson

Wyoming Dead Last in Job Growth

In their latest Regional and State Employment Summary, the Bureau of Labor Statistics (BLS) has some bad news for Wyoming: In April, nonfarm payroll employment increased in 30 states, decreased in 18 states and the District of Columbia, and was … Continue reading

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Should Capital Gains Fund Wyoming State Government?

A blog written by Amy Edmonds and me (“Tax Revenues Suffer from Sluggish Wyoming Economy”) about the tax revenue structure of the Wyoming state government gave rise to important questions. Among them, some people have questioned why we simply cannot … Continue reading

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Tax Revenues Suffer from Sluggish Wyoming Economy

Recent employment data from the Bureau of Labor Statistics (BLS) show that the private sector of the U.S. economy has increased its number of employees by 3.4 percent since 2011. This is weak for a recovery, and you would expect that a low-tax state like Wyoming could beat that. Continue reading

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Wyoming Falling Behind National Economic Recovery

Recent employment numbers from the Bureau of Labor Statistics show that Wyoming is not out of the recession yet – far from it.  Total non-farm employment is going nowhere:  ·         In the fourth quarter of 2011 a total of 289,600 … Continue reading

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A Sober Look at the Internet Sales Tax

There has been a lot of public debate about the internet sales tax. Proponents argue that it will level the playing field between online retailers and brick-and-mortar stores; critics say the tax will increase the burden on consumers and depress … Continue reading

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When America Lacks Fiscal Leadership

President Obama’s latest attempt at presenting a budget ended with about the same debacle as last time: no one in Congress likes it, no one takes it seriously. The only upside of this is that there is very little chance … Continue reading

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On Good – and Bad – Spending Cuts

One of the immediate lessons that our state legislators should learn from the federal government’s grab of some of our severance taxes is that the federal government is no longer a reliable fiscal partner for the state. Whether we are … Continue reading

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Severance Tax Grab: The Price of a Passive Wyoming

I recently explained the consequences to Wyoming if the state legislature decides to compensate for a $53-million severance tax revenue loss with higher taxes. I have also explained that Governor Mead’s apparent decision not to react to the revenue loss … Continue reading

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Governor’s Inaction Puts All Severance Taxes into Play

When the U.S. Department of Interior declared that it would keep 5.1 percent of the severance taxes it owed Wyoming (and two dozen other states) the governor first seemed to be appropriately upset. His administration was unmistakably worried that this could be … Continue reading

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The Cyprus Bank Heist – Coming to a Bank Near You

The so called Cyprus Bank Heist, where the government took as much as 40 percent of large-balance bank accounts above 100,000 euros, did not make a huge splash in American media. The reason is probably that it seemed like an … Continue reading

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