Wyoming Liberty Group
The state of Wyoming is wrestling with the growing gap between state spending and state revenue. Fortunately during its last meeting, Wyoming’s Revenue Committee showed an understanding of the effects of a tax increase on the fragile Wyoming economy. The committee discussed the issue of declining revenue for local governments and two options to fill the gap. Both tax grabs got little traction. What state politicians and taxpayers must now demand is local government reform.
In Wyoming, some politicians are looking high and low for ways to take your money, especially if they can make it look like someone else is slipping his hand into your pocket. One way that popped up during a recent Revenue Committee meeting is a tax on Internet retail sales. Proponents justify this tax grab in two ways. First, the need for more tax revenue to fund the state budget shortfall and second, the notion that hard-pressed Main Street businesses can’t escape collecting the tax so taxing Internet sales would level the playing field. However, government has a spending problem, not a revenue problem. An Internet sales tax won’t do much for the revenue shortfall and if government really cared about Main Street retailers, they would reduce their tax burden instead of extending the dead hand of government to the Internet.
- Replace Taxation Fixation with Bloat Elimination to Clear the Skies
Just when you think Wyoming's economic outlook can’t get any darker, it does. The Consensus Revenue Estimating Group (CREG) released its April 2016 update and sent a clear warning to policymakers. The report showed lower than expected revenue collections from most sources for fiscal year 2016, ending this June. The state is in trouble right now and the situation could be much worse in the 2017/18 biennium.
Cheyenne has a housing supply and affordability problem. Housing is scarce and expensive relative to household incomes in the area, but current regulations force developers to add unnecessary costs in the name of “aesthetics” to satisfy the architectural taste preferences of regulators. Boyd Wiggam and Doug Randall of KGAB discuss the City Council's rejection of a deregulation proposal that would have saved money for families on a 5-5 vote—even though the regulatory costs are ultimately passed along to the lower-income families that are struggling to find housing that fits within their budgets.
Boyd Wiggam and Chuck Gray of KVOC in Casper discuss the Cheyenne City Council’s refusal to ease the economic burden that aesthetic design regulations for new apartment buildings impose on working families in Cheyenne, even in the face of the significant shortage of affordable, unsubsidized housing in the community.
Charlie Katebi and Glenn Woods on Boldrepublic.com discuss Medicaid Expansion's defeat in Wyoming and why it's wrong for the Cowboy state.