Gov. Parnell’s plan to give billions of dollars to oil companies in exchange for putting Alaska into a deficit spending mode (look at the financial woes of the U.S. Government) certainly makes sense. After all, these wealthiest corporations in the world might even invest some of that money in our state
However, the rest of Alaskans still need a way to make up for that deficit in this feed the wealthy, starve the poor plan. Thus it seems the only logical way to keep the state from bankruptcy is to reinstate a state income tax to make up the shortfall. Sure it will be painful for the rest of the citizens of the state, but those oil company shareholders and CEOs would like us to show our appreciation for the contributions they make to Alaska politicians’ election campaigns.
— Don Cornelius