Oil prices have spiked and that should produce a huge windfall for the Kremlin which has been desperately short of cash to fund its war machine in Ukraine since the start of this year. Bne IntelliNews #OilPrices #Kremlin #UkraineWar #EnergyMarket #OilTax
The problem with Alaska's current #OilTax structure is that it's built on components that may make individual sense, but when stacked on top of each other, produce sub-optimal (less than Constitutional) results for the state. #akleg
This Wk's Top 3 P'cast| Neither side of the #OilTax debate focuses on the Constitutional standard; yes, the Alaska economy is K-shaped, now, let's focus on why; and the Bishop for #AKgov campaign ignores the big issue. #akleg buff.ly/56YTeAh
This Wk's Top 3 P'cast| Neither side of the #OilTax debate focuses on the Constitutional standard; yes, the Alaska economy is K-shaped, now, let's focus on why; and the Bishop for #AKgov campaign ignores the big issue. #akleg buff.ly/56YTeAh
ICYMI. This Wk's Top 3 P'cast| Neither side of the #OilTax debate focuses on the Constitutional standard; yes, the Alaska economy is K-shaped, now, let's focus on why; and the Bishop for #AKgov campaign ignores the big issue. #akleg buff.ly/56YTeAh
This Wk's Top 3 P'cast| Neither side of the #OilTax debate focuses on the Constitutional standard; yes, the Alaska economy is K-shaped, now, let's focus on why; and the Bishop for #AKgov campaign ignores the big issue. #akleg buff.ly/56YTeAh
This Wk's Top 3 P'cast| Neither side of the #OilTax debate focuses on the Constitutional standard; yes, the Alaska economy is K-shaped, now, let's focus on why; and the Bishop for #AKgov campaign ignores the big issue. #akleg buff.ly/56YTeAh
Listening to some #akleg defending the current #OilTax structure when it clearly needs changing is as frustrating as, in the early 2010s, listening to those who defended ACES when it clearly needed changing. #FixIt buff.ly/q7pbISL
Interesting fact: The #akleg is leaving (much) more money on the table by accepting high-cost, mediocre Permanent Fund Corp performance than they would gain from #OilTax reform.
#AKleg R's are great at talking about "saving the PFD." But when it comes time to do something about it - like fix the broken #OilTax system to restore level revenues - they side with the special interests against #AKfams. buff.ly/ejb6Tlz
Despite increasing production, Alaska's revenue from that production is falling significantly due to some problems with how the #OilTax code operates in the current environment. Rep. Johnson's solution? Don't fix the tax code. The unspoken part? Increase PFD cuts instead. #akleg buff.ly/yUTIqJg
There's a huge difference b/w Sen. Yundt's #OilTax & Sens. Cronk & Kaufman's #PFDcuts. Yundt raises revs by leveling the current tax structure among #OilCos. Cronk/Kaufman raise revs by taking even more from middle & lower-income #AKfams, widening the income gap even further. #akleg
It's NOT about K-12 v PFD. It's K-12 v revenue. #AKleg PFDcuts are one alt (the "most regressive" that have the "largest adverse impact" on the #AKecon & are "by far the costliest for #AKfams"). Others are sales tax, income tax, #OilTax reform. Why aren't they listed?
To the extent Alaska's #OilTax rates are below the revenue-maximizing point required by the Constitution, the state is subsidizing the #OilCos & #NonRez workers they are importing. While the state's budget hole is even deeper, eliminating those subsidies is an important step. #akleg buff.ly/4gkfPwj