Gov. Matt Mead and the newly convened Legislators should at least look at what former Gov. Sarah Palin did in Alaska, in modifying that state’s severance tax rates.
My understanding is that the Alaska system involves indexing rates, which is what Wyoming should consider. As coal prices rise, so should the severance tax rate. As prices go down, so should the rate. This is fair and market-driven. With an outlook this promising, Wyoming citizens and the future generations of Wyomingites will benefit greatly.