– The Wyoming Legislature desperately needs to figure out new, stable revenues to fund our public schools. We cannot count on the coal industry to come back.
– The Wyoming Legislature has cut $100 million from the public school budget over the past four years, forcing teacher layoffs, school closures, smaller materials and activities budgets, and generally worse education for our kids. Nevertheless, the state’s education budget faces a $300 million shortfall that needs to be addressed.
– The proposed National Corporate Profit Recapture Act would generate tens of millions of dollars per year for Wyoming schools while sparing Mom and Pop businesses increased tax burdens. (See this article for more information.)
– Huge corporations like Walmart demand that Wyoming communities have things like roads, police, schools, and fire services, but they currently pay nothing to support our public infrastructure. The National Corporate Profit Recapture Act would have big business pay its fair share.
– National chains suck profits out of our communities, sending them to corporate shareholders and their headquarters in other states. This proposed corporate income tax would capture some of these profits before they leave the state and use them to fund Wyoming schools.
– Wyoming needs quality schools to support thriving communities. And education is critical to diversifying Wyoming’s economy.
– The state of Wyoming has lost roughly a half a billion dollars per year over the past decade as a result of the coal industry’s plummet.