The House Plan combines targeted budget cuts, reduction in oil tax credits, a Permanent Fund restructuring which will produce a $1,250 dividend per Alaskan and the Education Funding Act (a progressive school tax).
A family of four who earns $50,000 will pay $210 in school tax but get $1,000 more in Permanent Fund Dividends under the House Plan.
The family will take home $790 more than under the Senate Plan.
Most Alaskans will have more money in their pockets under the House Plan, and will also have strong public safety, good schools and well maintained roads. All while still creating a solid investment climate for business.
This is good policy, it’s good for Alaskans and it’s good for business that’s why the
Alaska Banker’s Association supports a plan like ours with diversified revenue.
For more comparison between the House Plan and the Senate Plan visit:
Www.akhousemajority.gov/houseplan
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