The Wisconsin Republican millionaire accused working-class Americans of “getting a lot more in return” from the key social program than rich people who pay disproportionately less into its coffers. U.S. Sen. Ron Johnson came under fire Wednesday after the multimillionaire Wisconsin Republican asserted during a Senate hearing that Social Security—an economic lifeline for tens of […]
“Further evidence that this was never about the debt. It’s about squeezing families to protect billionaires.” Republican negotiators are reportedly close to securing as much as $10 billion in cuts to recently approved Internal Revenue Service funding as part of a debt ceiling deal with the White House, a development that critics said further shows the GOP’s […]
This week, Representative Cliff Groh (D-Anchorage) introduced House Bill 153 to increase the oil and gas property tax mill rate which, if passed, would generate significant new revenues and release some of the budget pressure that underpins the legislative tension of recent years. Currently, municipalities can tax up to 20 mills (2%), and if they […]
JUNEAU – The Senate Rules Committee introduced legislation Friday to fix several flaws in Alaska’s oil tax structure. Senate Bill 114 would level the playing field by having all oil producers pay the same corporate income tax rate as corporations at 9.4%. This would only apply after the first $4 million in annual net income. […]