Economist Criticizes Wyoming Tax Structure
Cheyenne, WY – An economist says Wyoming has a tax structure that is choking off economic development in the state. Shelby Gerking was a professor at U-W for 20 years and studied taxation in the state at length. Gerking says a big part of this is the tax policy in Wyoming is not set up to keep pace with population and income growth. He says when you engage in economic growth activities, you want to attract people and increase incomes. Gerking says that's going to make the situation worse as those workers will increase the demand on public services. He says an income tax is one way to deal with the problem, but he says that's not politically viable in the state.