The Legislature should adopt broad-based revenue alternatives that would result in all segments contributing relatively modest amounts, not to lock in a hugely regressive PFD cut.
concluded that, again, compared to alternatives, “a cut in PFDs would be by far the costliest measure for Alaska families,” and, unlike any other revenue approach, “reducing the PFD by $1,000 will likely increase the number of Alaskans below the poverty line by 12,000-15,000 .”, researchers at ITEP concluded: “For Alaskans, an income tax would hurt less than a PFD cut.”In my view, there’s one simple explanation.
Because PFD cuts only affect Alaska families, non-residents contribute nothing — or, as former Gov. Jay Hammond, unlike in every other state in the nation, they escape “scot-free.” And as long as the Legislature can use PFD cuts to raise revenues, there is no need to look at needed modifications in oil taxes seriously.
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