Brad Keithley’s Chart of the Week: Alaska has a revenue design problem In a recent op-ed that is making its way through the state’s newspapers and other media outlets, former Revenue Commissioner Bruce Tangeman rhetorically asks, “Does Alaska have a revenue problem or a…

Some #akleg claim to prioritize middle & lower-income #AKfams by pushing various programs. But by funding them with #PFDcuts, in fact those programs are materially reducing the income of those #AKfams and, indeed, throwing more into poverty. Want to really help? Focus on this.

Some #akleg claim the POMV is the largest source of "state" revs over the current projection period. But that's just how the Top20%, #NonRez & #OilCos think about it. In fact, they are third. Oil remains the largest rev source w/ #PFDcuts ...

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Brad Keithley’s Chart of the Week: Is the fact that legislators live in a much different economic world than 80% of Alaska families leading to deep PFD cuts? As we have been following the beginning of this...… Read More

#PFDcuts and a flat rate income tax both raise the same amount of rev. #PFDcuts do it by taking most from middle & lower-income #AKfams, while the Top20% & #NonRez dodge. A #FlatTax does it by taking the same broadly from ALL #AKfams + #NonRez. Why is #akleg SenFin using the first?

With bipartisan support, Alaska Senate panel again proposes new PFD formula • Alaska Beacon The '75-25' split proposal is worth about $1,420 per PFD recipient this year but faces several budgetary obstacles.

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

Show of hands. Using LegFin's rule of thumb, how many realize that the #akleg already 𝙞𝙨 collecting the equivalent of roughly 4.5% of AGI ($1.5bn, the size of the FY25 deficit) in income taxes (diversion of income to govt), just disproportionately from middle & lower-income #AKfams. #PFDcuts

OPINION: Alaska needs a common-sense Legislature This election, vote for pro-growth candidates who are committed to working together in bipartisan majorities.

Jake badly misleads. By continuing to rely on #PFDcuts, his "common-sense" #akleg would be the worst for middle & lower - working - #AKfams. It is the dream outcome for the Top20%, #NonRez & #OilCos, though. #WhoPays reveals #WhosSideAreYouOn

Some #akleg: "#NoTaxes! Use PFDcuts instead."

𝙇𝙤𝙨𝙚𝙧𝙨? 80% of #AKfam from whom #PFDcuts take 𝙢𝙤𝙧𝙚 than taxes. https://bit.ly/3zoomJt

𝙒𝙞𝙣𝙣𝙚𝙧𝙨? The Top20% who pay less & non-rez who pay 𝙯𝙚𝙧𝙤.

So, 𝙬𝙝𝙤 do #NoTax'ers really rep?

Just #LookAtWhoBenefits...

For most Alaskans, an income tax would hurt less than a PFD cut, report says A study says cutting Permanent Fund dividends would hit middle-income Alaskans more than three times harder than a progressive income tax.

Some #akleg: "#NoTaxes! Use PFDcuts instead."

𝙇𝙤𝙨𝙚𝙧𝙨? 80% of #AKfam from whom #PFDcuts take 𝙢𝙤𝙧𝙚 than taxes. https://bit.ly/3zoomJt

𝙒𝙞𝙣𝙣𝙚𝙧𝙨? The Top20% who pay less & non-rez who pay 𝙯𝙚𝙧𝙤.

So, 𝙬𝙝𝙤 do #NoTax'ers really rep?

Just #LookAtTheirDonors ...

The backstory of FY25 PFDcuts:

Top20% #akleg: #NoTaxes

#AKModerates: "But we want to spend!"

Top20%: "OK, fine, just as long as we & our friends in the #OilCos don't have to pay. You can use #PFDcuts. They only impact #WorkingAKfams."

"Moderates": "As long as we can spend!!"