Kimberly A. Becklund LEASE ANSWER THE FOLLOWING QUESTIONS (YOU MAY ::
File Format: PDF/Adobe Acrobat - View as HTMLyour past experiences and achievements that make you the best candidate for . new state resources that might require commensurate tax. reform.
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You support the following tax reform for your state and make it Alaska like?
If you were a state legislator would you vote yes or no on this following plan- bass ed on Alaska's PFD?
It would put a require your state to generate a temporary surplus to start an investment fund every year after that the state would be required to pay in at least 1+ inflation so it will not be simply inflation proofed but it will grow. The divided from the fund would go to first run the state government so the principle is not to be touched next the state would cut taxes according to the amount of money generated from the divined and lastly once most taxes have been eliminated and the state is basically running on an inflation proof dividend any surplus would be distributed via a per capita check.
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a surplus generated but cutting or freezing spending. if you freeze spending you generate a surplus proportional to inflation raising taxes is no guarantee of a surplus as it can hurt the economy
How do you get a State to generate a temporary surplus? Raise taxes? Cut spending?
United States Senator Lisa Murkowski, Alaska :: Press Office::
year was lobbying and earmark reform. As you all know, the . the state of Alaska to make that same pledge of support at a state level.
http://murkowski.senate.gov/public/index.cfm?FuseAction=PressOffice.Speeches&ContentRecord_id=66cfa729-dfeb-6c23-26f1-b47abf6e6a63&Region_id=&Issue_id=HOME |
The State of Alaska is in a unique position due to the very high revenues from oil and relatively low expenses due to a small population. There are at least 19 CITIES in the US with populations larger than the entire State of Alaska.
Alaska's leadership would have to be GROSSLY incompetent for the State to not generate a surplus. And no other State has the per-capita revenues necessary to generate the kind of surpluses that Alaska does with her oil revenues. And merely "freezing" spending would not help many states; CA is an excellent example.
The best that most States can hope for is a balanced budget or a tiny surplus. OK has generated a surplus in several recent years however the State Constitution requires that that be refunded to the citizens; it cannot legally be retained or invested. And even if it was, it would take centuries to grow to what the Alaska Permanent Investment Fund has.
That money would have to come from somewhere, and it would have to go somewhere, too. This plan will be great if the state is a better investor than the average person, and everyone wants to save as much on each paycheck (not overall, during their entire life) as the state wants them to. However, most state investment funds don't do so well -- you can look into all the bad purchases that the Asian and Middle Eastern Sovereign Wealth Funds made over the last year -- so that's probably not a great idea.
There's also the problem of politicized investment: what if the managers of the Alaska fund found a great investment that happened to involve solar power, nuclear power, or coal? Citizens might be outraged that they were paying taxes to a fund that turned around and invested that money in competitors to Alaska's own workers. Whereas if a commercial fisherman and semiprofessional snowmobiler were to quietly invest a little of his own retirement money in similar ventures, there wouldn't be any such outcry.
Overall, Alaska's PFD is well-intentioned, but it's probably not the best way to spend -- or save -- taxpayers' money.
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You support the following tax reform for your state and make it Alaska like?