Rep. Seaton’s April 27th Newsletter: Update: State Reductions & Diversifying Revenue
Hello! Some information came out this week that I wanted to share with you. This past Monday, the Institute of Taxation and Economic Policy released their report: Comparing the Distributional Impact of Revenue Options in Alaska. This report compares the impact of different revenue plans being discussed in Juneau this session. The report finds that most Alaska households would pay less under a personal income tax, like our HB 115 School Tax, than they would under a 3% sales tax even if the sales tax exempted food, child care and rent.