New Buckeye Institute Research Finds Alaska’s Proposed Tax Increases Would Lead to Fewer Jobs and Not Close the Budget Gap
A new report, Unsustainable Spending: The State of Alaska’s Budget and Economy, by The Buckeye Institute’s Economic Research Center, found that raising taxes would not raise the revenue needed to address Alaska’s $1.6 billion budget shortfall. “Putting new taxes on Alaskans only burdens the state through reduced investment, a stagnant economy, and lower job creation, and it fails to cover the state’s current budget shortfall.” The research was conducted in conjunction with the Alaska Policy Forum.