Wyoming Liberty Group
Maureen Bader and Chuck Gray discuss the lack of transparency in one of Wyoming's corporate welfare schemes - Legislatively Determined Investments, on KVOC. Listen as Maureen and Chuck talk about one example of a handout directed at a specific company and how the legislation changed to disguse its true intent.
Maureen Bader and Glenn Woods discuss the use of the Permanent Wyoming Mineral Trust Fund to pay for subsidized loans to private business. During a time when we have legislative committees talking about new taxes, the last thing the people of Wyoming should be forced fund are handouts to private businesses.
The Wyoming wind production tax revenue fell by 15 percent between 2014 and 2015. So much for alternative revenue sources.
When politicians justify handing out public dollars for private benefit, they use the word investment to spin this spending into something more palatable to voters. However, state directed spending in the economy is nothing more than economic central planning in disguise. To stop the growth in central planning in Wyoming, we must bring the state’s role back to that of an umpire, rather than a participant, in the economy.
During Governor Mead’s Business Forum in Cheyenne in November 2015, Dr. Robert Behn from Harvard University presented his theory on the budget cut challenge in the lead up to a discussion by a panel of legislators. Wyoming legislators must decide how to deal with a 25 percent reduction in revenue, a $155 million deficit in the education account for the next biennium alone and the reality that the Rainy Day Fund just isn’t big enough to bail out a spending level bloated by a decade of mineral tax windfall.
Maureen Bader and John Birbari talk about why corporate welfare impoverishes the state, and some of the poor choices made by government in their attempt to pick winners, on KVOW Riverton Radio. October 10, 2015
Maureen Bader and Gary Freeman talk about Governor Mead’s $200 million budget cut the revenue shortfall and one area to cut from government that appeals to potential voters, corporate welfare. October 9, 2015