A veteran state legislator in Alaska has said that the state needs to introduce taxes to avoid running out of money as oil revenues that the region depends on are declining.
A veteran state legislator in Alaska has said that the state needs to introduce taxes to avoid running out of money as oil revenues that the region depends on are declining.
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“I strongly support a multiprong approach to deal with this deep structural deficit that would include additional revenues,” he said in a phone interview on Friday.
Groh said that the tax would be 2 percent on incomes of more than $200,000 a year from Alaskans while the rest of the population making less than that can contribute, if they so wish, $20.
He said that he was open to the reform of the permanent funds in ways that will protect it and a restructure of a dividend that the state’s residents receive from oil revenues so “it’s healthy and sustainable over the long run.”
“So, I very much support a multipronged and multifaceted approach to [deal with] our state’s structural deficit to allow people to thrive in Alaska and not just survive.”
In 1976, the state created the Alaska Permanent Fund which took oil revenues and distributed it to residents as a dividend.
Groh, who told Newsweek that as a staff legislator, he helped create the permanent fund dividend, noted that Alaska was the only state in the country without a broad-based tax.
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