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March sales tax collections reflect COVID-19 effects on Johnson County
Published
5 years agoon
Johnson County’s 1% sales tax fell by approximately 50% in the month of March.
Even as COVID-19 restrictions are being lifted, the long term effects of the virus on the local economy are being reflected in sales tax collections.
Johnson County Commissioner Chairman Bill Novotny told listeners on Sheridan Media’s Public Pulse that collections of Johnson County’s 1% sales tax were reduced by half in the month of March.
Wyoming lawmakers will meet May 15 and 16 for a two day special session focused on appropriating $1.25 billion in federal funds made available to Wyoming through the CARES Act.
It is yet unknown how legislators will decide how to filter the funds to counties and municipalities as many county officials prepare to enter budget seasons.
Dennis Fox
May 13, 2020 at 12:16 am
Lowering the tax rate is the fastest and best way to increase consumer spending. Lower rates let us keep more of our money, then spend it, which grows the economy. A growing economy increases total tax revenue collected. Lower tax rates have worked wonders in the last 100 years. Coolidge, Kennedy, Reagan, and Trump all cut rates, grew the economy and increased total tax revenue. Lower tax rates are a win-win-win for everyone!
Fred Osborn
May 14, 2020 at 8:54 am
On the contrary,giving tax breaks to the rich,and corporations,has done little to help the real working folks in this once great nation.America has turned into an oligarchy,controlled by the ultra rich and corporations….again nothing left for the real working folks. I recall during reagan,s regime being put out of work while working in the Wyoming oilfields,along with thousands of others.And what happened to the airlines and trucking industry? Parroting what is preached on some right wing propaganda “show” does not reflect on reality…and facts do matter.
Dennis Fox
May 14, 2020 at 1:34 pm
American economic history has repeatedly proven that lowering tax rates, works. When gov’t takes less of our hard-earned money from us, it benefits us all, in at least three, distinct ways. First, a lower tax let’s us keep more money in our pockets, thus increasing our wealth. Second, Americans with more money, spend it; which spurs economic activity. Tax cuts grow the economy. Plain and simple. Finally, Americans with more money and actively boosting the economy, will always generate higher total tax revenue. The multi-fold benefits of lower tax rates is well documented. See Mises Institute and Kudlow’s book, “The Kennedy and Reagan Revolution” for documented economic evidence and fact. We need to lower all our tax rates to handle the current bust. Nothing else works better than keeping the government OUT of our pockets. Only the economic illiterate, would try to impose bigger gov’t and higher taxes on hard-working Americans.