The political message to Alaskans should be: Tax the oil companies, or you will lose the PFD and have to pay an income tax. The choice is really that simple.
With just over a week left in the session, the Alaska Legislature has not resolved how to pass a budget, the size of the Permanent Fund dividend or a boost to public school funding on March 8, 2023 in the ADN Oct. 2, showing how the PFD is a key resource for lower-income Alaskans, and that eliminating PFDs in order to provide spendable revenue for the state would constitute a most regressive tax, hitting the worst off among us the hardest.
What is left is the challenge of creating a tax, like an income tax, that will hit most income earners on one hand, while “handing out” money to everyone via the PFD. Since the constitution requires all revenue to be appropriated from the general fund, the PFD and taxes go into and come out of the same purse. A $1,000 PFD would cost about $700 million; while a “10% of federal” income tax would bring in about $750 million. As Mr.
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OPINION: Equating PFD cuts to a tax is a piecemeal metaphorA reduced dividend is no more of a metaphorical tax increase than the reduced services to pay for the dividend are.
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2023 PFD airfare salesThe first direct deposit payments of the permanent fund dividend are expected to hit Alaskan's bank accounts on October 5, 2023. And if you want to put that money towards travel, Alaska Travelgram's Scott McMurren says there are some PFD airfare sales you won't want to miss.
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Report: Alaskans dogged by chronic diseases and many lack healthy lifestyles or regular screeningsSome health problems are connected to poverty or substandard living conditions that are not easily addressed by changes in individual behavior, the new Alaska Chronic Disease Facts report noted.
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What's Next After McCarthy's Expulsion From House Speakership?See multiple perspectives from National Review (Opinion), NewsNation, and The Economist at AllSides.com.
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