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Tuesday, December 31, 2019

TABOR for Wyoming?

Circling back to the question of whether or not Wyoming should adopt a Taxpayers Bill of Rights.

Monday, December 30, 2019

When the Welfare State Strikes

The welfare state has fundamentally altered fiscal policy in the United States. The change, driven by a sustained increase in spending, is painfully visible in data on the federal budget.

Sunday, December 29, 2019

Tax Hike Efforts Continue to Weaken Economy

If you want to crash an economy, start talking about tax hikes. This is my second review of labor-market data showing a clear turn for the worse in Wyoming after lawmakers started pursuing a corporate income tax.

Monday, December 23, 2019

Corporate Welfare at Work

Corporate welfare is a bad practice that distorts the allocation of resources in the economy, from investment capital to labor. It also skews the tax burden to a point where it is blatantly visible in tax-revenue data.

Friday, December 20, 2019

Wyoming Families Rely More on Entitlements

Today, Wyoming families depend on entitlements almost as much as we did during the Great Recession ten years ago. And this while the national economy is stronger than it has been in decades. 

Thursday, December 19, 2019

Another Question for Lodging-Tax Supporters

In a previous article I asked five questions about the lodging tax. In this article I add a sixth question, all of which the legislators who support the tax need to answer before they actually vote on it. 

Tuesday, December 17, 2019

Seven Ideas for Spending Reform

Those who want higher taxes often ask us who oppose tax hikes "what do you suggest instead?" Over the years I have written copious blog articles, policy briefs and even a book on how to structurally reform government spending.

Five Questions for Lodging-Tax Supporters

The lodging tax is increasingly popular among legislators in Wyoming. It also has the governor's support. Here are five questions that those who want the tax should take a serious look at.

Monday, December 16, 2019

WeWork, Tesla and High-Speed Capitalism

Capitalism is the best economic system mankind has ever invented, but it is not immune to the moral ailment that has become pervasive in government policy.

Saturday, December 14, 2019

Governor Salary Should Be Tied to Yours

Why should not government workers have their compensation tied to the performance of the tax-paying sector of the economy?

Thursday, December 12, 2019

Tax Base Shrinking in Most Wyoming Counties

Most of the legislators on the Joint Revenue Committee represent counties where the tax base has decreased in the past ten years. Yet a majority on the committee wants to raise taxes, and create a corporate income tax. Where do they find the money that will pay those new and higher taxes?

Utah Tax Reform: Lessons for Wyoming

The talk about a "comprehensive review" of the Wyoming tax structure is a source of worry for all of us. Some point to Utah as a good example of how to do it. I would not recommend it. 

Wednesday, December 11, 2019

Shielding Government from Reality, Part 1

Is there such a thing as a shield that can protect government revenue from the ups and downs of the business cycle? No, there isn't. But some lawmakers apparently still believe they can find it. 

Monday, December 9, 2019

Governor Gordon Open to Higher Taxes

In his budget presentation, Governor Mark Gordon expressed support for a lodging tax and opened the door for a "comprehensive review" of our state's tax system. That does not bode well for taxpayers.

Sunday, December 8, 2019

U.S. Senate Adds Another Entitlement Program

The American welfare state is about to take another leap forward. The Senate just agreed on adding one of the few missing pieces that will turn our welfare state into a full-scale socialist structure. No, this is not hype. It is happening right now.

Saturday, December 7, 2019

Friday, December 6, 2019

Debt Crisis: Revisiting The Greek Disaster

What will America be like after a debt crisis? The answer begins with a look at Greece, ten years after they were thrown into the turmoil of debt defaults, skyrocketing interest rates and the loss of 25 percent of their GDP.

Wednesday, December 4, 2019

Tuesday, December 3, 2019

Reduced Investment Is No Recession Warning

It is easy to misinterpret current trends in the U.S. economy. One thing is increasingly clear, though: that business investments take a breather is not a sign of a recession. On the contrary.

Monday, December 2, 2019

Tax Hikers Don't Even Fear Job Losses

One of the most influential lawmakers in Wyoming admits that he will raise taxes even if businesses are laying off people in droves. 

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