That's really stupid.
It will cost the governments, both Feds and State, millions of dollars to introduce wolves in large enough population to "control" the elk, and the wolves, being wild animals, won't stay where they're needed, resulting in more missions of taxpayer dollars to "manage" the wolves.
All that expense would be saved, and income to State and Feds would actually increase, bu letting hunters buy tags and reduce the population, not to mention the boost to the local economies from hunters staying in motels, eating in restaurants, buying gas, etc. This is another "shovel ready" job creator that's going by the way in favor of government control. Ahhh, don't get me started.