NEWS: New Report Questions Wisdom of Large Oil and Gas Tax Credits

Rep. Andy Josephson

ANCHORAGE – A new report from the Alaska Department of Revenue shows a substantial negative effect on the finances of the State of Alaska from large oil and gas tax credits. The report concludes that North Slope oil and gas production tax credits may be an inferior investment for Alaska compared to investing in the Constitutional Budget Reserve Fund. 

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NEWS: Medicaid Expansion Can Help Avoid the Risk of a Recession in Alaska

Rep. Andy Josephson

ANCHORAGE – A recent report commissioned by the Alaska Mental Health Trust Authority suggests Alaska is at risk of a recession for the fourth time in the state’s history. The report indicates a recession could be prolonged due, in part, to the downturn in oil prices and subsequent decreases in state spending. However, the report outlines options to mitigate a recession including accepting Medicaid expansion, which will be paid for almost entirely by the federal government. House Finance Committee member Representative Les Gara (D-Anchorage) tried repeatedly this past session to garner legislative approval for Medicaid expansion but the Republican-controlled Majorities refused to allow the issue to be put to a vote.

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