The tax plan is already having one effect in Alaska: It undercuts one of the selling points for Gov. Bill Walker’s proposed payroll tax. If Congress passes the Republican tax plan, a statewide levy like the one Walker wants would no longer be an IRS deductible.
The amount of proposed state spending directly controlled by the legislature was projected to be nearly 25 percent more per person than any other state in the current fiscal year.
While oil and gas companies are inching towards a new tax break in Juneau, they’re fighting to maintain their preferential tax treatment in Washington, D.C.
Tax reform could play a significant part of the debt package, and the oil and gas industry is making sure it keeps its tax breaks.