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Economics

Follow the money, it's the best basis for transparency and holding our government accountable. Economic theory, government hygiene and government efficiency are tools we must use to limit government size and spending. Without clear understanding of economics and the bottom line, the people won't be served and backdoor deals in government will...

Follow the money, it's the best basis for transparency and holding our government accountable. Economic theory, government hygiene and government efficiency are tools we must use to limit government size and spending. Without clear understanding of economics and the bottom line, the people won't be served and backdoor deals in government will go unchecked.

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Another Heavy Government Hand over Health Care

by Wyoming Liberty Group Staff Imagine someone walking into a hotel in New York saying "the same hotel room would only cost $80 in Wyoming, so you should only charge me $80 for this $250 room". Absurd? Of course it is. The cost of doing business varies from state to state, even from county to county. Taxes vary, market wages vary, the regulatory bu...
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Weekly Economic Report: Personal Income and Consumer Spending, Part 1


by Wyoming Liberty Group Staff A month from now the Bureau of Economic Analysis releases 2018 consumer-spending data for the states. In two parts, this Report will give an update on the recent history of consumer spending and personal income in Wyoming, compared to other states. This the first part examines personal income. Main finding: Persistent...
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Who Pays for a Fuel Tax Increase in Wyoming?

Philip Baron, MBA At the Joint Revenue Committee meeting in July 2019, Wyoming lawmakers were presented draft legislation to increase the state fuel tax by 3 cents per gallon. According to the Wyoming Department of Transportation (WyDot), this tax would bring in $20 million a year. WyDot would receive 67% of this revenue, about $13.4 million, and t...
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Weekly Economic Report: Employee Compensation by County and Industry


by Wyoming Liberty Group Staff Wyoming has the nation's highest Government Employment Ratio and the third-highest Government Compensation Ratio. Our state also lacks in industrial diversity. Main finding: Counties where government earnings are a significant share of employee compensation are more industrially diverse than counties with a relatively...
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Weekly Economic Report: Trends in Private-Sector Employment


by Wyoming Liberty Group Staff With reference to the recent job losses in Wyoming coal mines, this Report presents a review of employment trends in the private sector since 1990. Main findings: 1) Job growth today is low by historic comparison. 2) In terms of employment, our economy is more diversified now than it was three decades ago. News storie...
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Optional Municipal Tax and How Sales Tax Works in Wyoming

By Philip Baron, MBA A draft bill presented to the Joint Revenue Committee in July of 2019, would allow voters in a city to approve a sales tax increase (up to 1%) for up to four years. Tax increases imposed for a specific project would expire if they collect the amount of funding needed for the project before the four-year time period. Right now, ...
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Weekly Economic Report: Government Employment and Compensation Ratios


by Wyoming Liberty Group Staff The Government Employment Ratio (GER) is one of several measurements of the size of government. Likewise, the Government Compensation Ratio (GCR) is a measurement of the cost of government related directly to the performance of the private sector. Main finding: Wyoming has the largest GER and the second highest GCR of...
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Two Myths about Government Spending


by Wyoming Liberty Group Staff Every time I open the Casper Star Tribune I feel the urge to write another "set the record straight" piece. Just last week I had to correct the Tribune's account on the corporate income tax; this week's exhibit of biased reporting is their July 21 story on government spending reform. The article gives the reader a fir...
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Weekly Economic Report: Net Spending on Education and Health Care


by Wyoming Liberty Group Staff Government spending in Wyoming is under scrutiny, in part because of proposals to raise taxes as an alternative to spending cuts. This Report examines three spending areas with reference to government charges, calculating the net spending by those areas. Main finding: Because of the net balance between spending on the...
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Wind Tax in Wyoming

By Philip Baron, MBA Decreased mineral tax revenue has led Wyoming lawmakers to consider raising the tax on wind energy from $1 a Megawatt Hour to $5 a Megawatt Hour. Wyoming is the only state that has a true "Wind Tax" of $1 per kilowatt-hour. When compared to other wind producing states in the West, Wyoming has had a lack of wind development sinc...
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Cheyenne WY 82009

Phone: (307) 632-7020

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Mailing Address:

1740 H Dell Range Blvd. #274
Cheyenne, WY 82009

Phone: (307) 632-7020