Browsing: Economy and Infastructure

Assembly Speaker Robin Vos on Wednesday renewed a call for Wisconsin to adopt tolling as a way to pay for state infrastructure projects.  An alternative is needed, he said, as increased fuel efficiency and an increase in electric cars on the road are contributing to declining gas tax revenues.

In recent years, Wisconsin has been transferring money from the general fund into the transportation fund. And for many years, every projection has shown that gas tax revenue likely has peaked and henceforth will decline as cars get better mileage and as more electric vehicles hit the road.

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.

The Wisconsin Assembly on Thursday voted to ask voters in this spring’s elections whether able-bodied childless adults should have to seek work in order to go on receiving taxpayer-funded benefits, an idea the Badger Institute long has championed.

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.

The motor vehicle fuel tax, long the mainstay for highway funding in Wisconsin, is becoming unsustainable as a revenue source due to increased vehicle mileage and popularity of vehicles that use no fuel. Now is the time to consider a replacement.

On Dec. 14, the Badger Institute submitted the following comments to Gov. Tony Evers’ statewide listening session tour on the 2023-25 executive budget.

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.

What’s the big deal that Scott Walker didn’t campaign on curbing union power?

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.

Of the convicted criminals Wisconsin imprisons, most will serve a sentence and be released. Then what?

Eight states, including neighboring Minnesota and Michigan, have authorized dental therapist programs statewide. Dental therapists are mid-level providers who perform preventive, restorative and intermediate restorative procedures.

As we move through 2022, the national economy is in what might best be described as a strange state.

Some people earn a lot of money. Some earn a little.

Wisconsin’s politicians prohibit over 1 million citizens from working unless they have government permission.

It’s campaign season, so the only numbers that seem to matter to the mainstream media are the ones in polls.

As a way for funding an important public good — highways — Wisconsin’s gas tax was pretty good