JUNEAU- On Tuesday, the Alaska Senate passed Senate Bill 33, which extends the sunset date for tax credits applied to seafood processors bringing salmon and herring products to market, and broadens the tax credit to include processors of other seafood products in Alaska. “The seafood industry creates more direct jobs than any other private industry in […]
(Anchorage) – A U.S. District Court judge today struck down as unconstitutional part of a federal law that imposes burdensome restrictions on how states spend COVID-19 relief funds. Alaska was among a coalition of 13 states to challenge a Biden administration edict contained in the American Rescue Plan Act of 2021. The law specifies that […]
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 […]
“Republicans can always be counted on to help billionaires not pay taxes.” Under pressure from well-heeled conservative advocacy organizations and donors, Republican senators have removed funding for IRS enforcement from an emerging bipartisan infrastructure plan, threatening to tank a proposed crackdown on rich tax cheats. Sen. Rob Portman (R-Ohio), part of the 22-member bipartisan group that’s […]