Juneau – A recent report from the Department of Revenue shows the state is losing more than a half billion dollars in annual revenue by not enacting the modest 25% tax on oil company profits passed by the House last year. Today, Representative Les Gara (D-Anchorage) released the following statement regarding the role oil taxes […]
WASHINGTON — With a vote of 51 to 49, Republicans in the U.S. Senate have approved a $4 trillion budget that could pave the way for U.S. President Donald Trump’s plan for what he has called “massive tax cuts and reform.” Senate Republicans were under pressure to approve the tax cut measure before next year’s midterm […]
Juneau – Thursday, the leadership of the Alaska Senate Majority reversed course and called for action during the Second Special Session on legislation to fix Alaska’s flawed system of subsidizing the oil and gas industry on the North Slope through overly-generous tax credits. The Alaska House Majority Coalition welcomes a renewed focus on this important […]
The Treasury chief said it would cut the corporate tax rate from 35 percent, the highest in the industrialized world, to 15 percent for all businesses. White House aides said the top individual tax rate of 39.6 percent would be trimmed by a few percentage points. Mnuchin said the Trump administration hopes to simplify an […]