Wisconsin came in at #38 in a new George Mason University study from the Mercatus Center that ranks all 50 states on overall freedom. And while Wisconsin did slip in the rankings, Mercatus was quick to express optimism that the outlook for Wisconsin looks good. 
 
"Wisconsin’s rank is likely to improve," said the report. "This is one state that may already be improving due to legislative changes since the data cutoff."
 
As for Wisconsin’s issues Mercatus said:
 
Wisconsin ranks near the bottom in economic freedom, due primarily to its poor fiscal policy. Wisconsin’s overall tax burden is very high, as are individual income and property taxes. State spending and debt are roughly average. However, its benefit payments are quite high, as is its level of transportation spending. Moreover, Wisconsin government employment is quite large relative to the private workforce.
 
Mercatus reported that Wisconsin’s regulatory burden ranks higher at 15th, but "Wisconsin’s labor market freedom, occupational freedom, health insurance freedom, and liability system are mediocre."
 
In the personal freedom categories, Mercatus notes that Wisconsin has a high victimless crime arrest rate, the worst gaming laws in the country, and "the strictest campaign finance laws."
 
As for policy prescriptions, Mercatus suggests reducing the tax burden, passing right-to-work legislation, and reform for tobacco and marijuana laws.