DebtWire interview about fiscal fixJune 23, 2017
DebtWire interviewed our former Vice President Jonathan King for an article, “Alaska’s anti-tax ideology preventing structural budget fix,” about solving the state’s fiscal challenge.
From the article: “It’s an ideological battle – two generations of people grew up without paying taxes,” King said, pointing to an anti-tax philosophy among many Alaskan politicians. “People make fun of Kansas (tax cuts) but at least they tax themselves. By going to the earnings reserve of the Permanent Fund … it leaves us yet again with no comprehensive long-term solution.”
Given the rich balances of both spendable reserve accounts, “they could do this another year or two,” King said. The cost of avoiding a shutdown is “fundamentally no progress,” he said.
Note: the article is not linked due to DebtWire.com being a subscription site.