Our reaction this morning after reviewing DOR Commissioner Sheldon Fisher's testimony on HB 411 (Oil & Gas Production Tax; Payments; Credits) late yesterday afternoon. The overriding question: who is running this state and whose benefit are they running it for?
#AKGov's argument: We shouldn't > taxes on oil because that would harm the state's economics. BUT it's ok to > tax on Alaskans individually through PFD cuts even though that has the "largest adverse impact" on the overall Alaska economy. https://t.co/Uw5Tya4FcO #akleg 1/— Brad Keithley (@bgkeithley) April 11, 2018
To #AKGov: How about this instead: Let's use a #NewRev option that has a LOW impact on the overall #AKecon & #AKfams. We happen to have one -- a broad-based #FlatTax, just like 8 other states already. https://t.co/jbLTXk3sRs #akleg 2/— Brad Keithley (@bgkeithley) April 11, 2018
To #AKGov: But if you don't like that, then let's have a face-off, >#OilTax v. >#PFDcuts and see which is least worst for overall #AKecon and #AKfams. We have a pretty good sense of how that comes out, do you? #akleg 3/— Brad Keithley (@bgkeithley) April 11, 2018