Browsing: Economic Development

Since the end of World War II, the average number of milk cows living in Wisconsin each year has halved in size, yet the annual production of milk in the state has doubled.

After Gov. Tony Evers announced last week he was diverting $36.6 million in federal emergency pandemic funds for, among other things, a soccer stadium, a sports center and a railroad museum, state Sen. Duey Stroebel tweeted, “I struggle to see how any of these projects relate to pandemic relief.”

Legislative leaders say costly project not needed or wanted Wisconsin officials in the Evers administration, supported by politicians in many…

Congressman Bryan Steil is still waiting to hear back from U.S. Department of Transportation Secretary Pete Buttigieg about his request to please make it clear Milwaukee does not have to run “The Hop” streetcar through a closed construction site on Sundays — and Sundays only — during the winter in order to meet the requirements of a federal grant.

Milwaukee city officials are going to run their streetcars, part of the $128 million Hop, through a closed construction site on Sundays, and Sundays only, throughout the winter in order to satisfy the requirements of a federal grant.

The city of Milwaukee announced it is building a new line for the $128 million streetcar known as The Hop. Unanswered anywhere in the strangely incurious media is why the city would open that line now.

Using his partial veto power, Gov. Tony Evers removed the Legislature’s first steps on tax reform for Wisconsin, canceling a simplification of Wisconsin’s income tax rates and a reduction in the rates covering much of the middle class and most of the state’s businesses.

Wisconsinites clearly got some wins in the 2023-2025 biennel budget. Now the task at hand is consolidate and expand those moving forward.

A plan passed by Wisconsin’s Joint Finance Committee saves taxpayers $3.5 billion over two years, money that came from them in the first place because they’re currently overtaxed. Gov. Evers would do well to sign off on that plan.

The Badger Institute supports a flat-rate individual income tax, a structure increasingly adopted by competing states. We have spent years researching options for reform that includes a single, low rate. But if that is out of the question as budget negotiations proceed, the priority should be Wisconsin’s top rate.

America is choosing sides and Wisconsin — given the lurch to the left along its borders — can greatly benefit.

Minnesota, Illinois and Michigan are all now among America’s 17 thoroughly blue states where Democrats control both chambers of the legislature as well as the governor’s mansion. We are just one of 11 states with divided government, according to Ballotpedia, and Iowa is one of 22 states that is totally red.

The Hop cost $15.03 per ride in operating expenses, never mind the cost of rails and wires — not a dime of it paid by passengers. It’s why the Legislature is doing Milwaukee a favor when it says, “enough.”

Many of the folks proudly wearing the cardinal and white are Wisconsin transplants who are now sunburnt Florida residents. They were lured south, many of them, for short stints by the sun and the surf, but stayed for the taxes — or, actually, the lack thereof.

Wisconsin’s economy shows some worrisome signs in top-line economic output and some positive trends, such as fairly large net migration from other Midwestern states, both in people and in income. And while the Badger State’s fiscal and regulatory policy mix is closer to the norm among states than it was even a decade ago, there is a clear need for additional reforms.

Wisconsin Senate Majority Leader Devin LeMahieu has introduced a plan to transition over four years to a flat 3.25% individual income tax from the current four-bracket structure with a top rate of 7.65%.

He discussed the plan in this office in the Capitol Wednesday with Badger Institute President Mike Nichols in this week’s edition of the Institute’s Free Exchange podcast.

My hope for 2023 is that every legislator in Madison will talk to somebody in their district who lost their small business or their job, and ask why.

Shouldn’t be hard to find them.

Between March of 2020 and March of 2021 — the last period of time for which I could find data — 17,364 Wisconsin establishments opened and 13,698 closed, according to the U.S. Small Business Administration. Almost all of those were small businesses.

Scholars like Morris Kleiner at the University of Minnesota have found that licensing creates barriers to entry into the field, especially for low-income aspirants; reduces employment and competition; inflates prices and the wages of licensed workers; stifles innovation; and limits mobility.

Wisconsin’s per capita GDP in comparison to other Midwest states is troubling. Even more troubling: we’re trending in the wrong direction. In 2011, Wisconsin was the 4th most productive of seven Midwestern states per capita. We’re now second from the bottom.

Why would a citizenry want its government to require, by law, higher prices? At anytime, it’s a good question but, as veteran journalist Ken Wysocky points out, at a time of raging inflation, it takes on a new urgency.

State and local governments in the United States have wide latitude in setting economic policy. In the first half of the 20th century, the progressives chose an economic model for Wisconsin that called for high levels of taxation and government expenditure coupled with extensive regulation of business and labor.