(Juneau) – Unexpected oil revenue to the State has created a projected $3.6 billion increase to the revenue forecast over this year and the next, according to the Alaska Department of Revenue’s Spring 2022 Revenue Forecast released Tuesday. Alaska Governor Mike Dunleavy requested the Legislature to use some of the surplus to get immediate relief […]
(Anchorage) – Department of Revenue (DOR) Commissioner Lucinda Mahoney released the preliminary Fall 2021 forecast Friday. The Department has previously published an early estimate of the state’s revenue picture when prices have strayed significantly from the preceding official forecast. Today’s forecast illustrates the state’s revenue improvement of an additional $1.2 billion for FY 2022 and […]
Following Sen. Kyrsten Sinema’s objection to raising the corporate tax rate, the party has turned to Sen. Ron Wyden’s proposal. ; As House Speaker Nancy Pelosi indicated the Democratic Party was close to a deal on the social spending package whose passage right-wing Democrats have obstructed for weeks, economic justice advocates ramped up pressure on […]
WASHINGTON – The richest Americans are failing to pay hundreds of billions in taxes they owe the government, a new U.S. Treasury report contended Wednesday. The report said the top 1% of taxpayers last year failed to pay about $163 billion in taxes, accounting for about 28% of the total of $600 billion in unpaid […]