ACES,
our former tax system, was fair to all parties. It yielded handsome profits for
the oil industry (more than $36 billion in 6 years) and Alaskans ($26 billion
in production taxes in 6 years).
Saturday, November 9, 2013
Reason #11: Senate Bill 21 will plunge Alaska into deficit spending.
Reason #10: Senate Bill 21 will drain Alaskans’ savings.
Under ACES, our savings grew to $17 billion, giving Alaskans the biggest
state savings accounts in the nation. Under SB 21, our most accessible savings
account – the Statutory Budget Reserve – will likely be wiped out by 2018,
leaving Alaskans empty-handed.
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