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Bill Walker on Corporations
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Invest 1% from Permanent Fund in new business startups
At an economics conference, Walker was asked what he would do to replace 12,000 high-paying jobs lost thanks to the lagging economy, mostly in oil and state government.Walker argued his stewardship of the state through four rocky years of falling
revenues and budget cuts, and passage this year of a major restructuring of state finances shows a solid record. If the ship of state were kept on course with him at the helm the fiscal restructuring could be finished--it is not yet done,
Walker acknowledged--and restored business confidence would lead to new investment and the economy lifting itself.
One idea Walker offered up was to invest a small percentage of the Permanent Fund, something around 1 percent, to help new
Alaska business startups. The governor cited a small oyster farm he visited in Southeast Alaska where demand is exceeding the ability to supply, and yet the small company can't see a path--or financing--to grow.
Source: Anchorage Press on 2018 Alaska gubernatorial debate
, Aug 30, 2018
Increase certain business licensing fees to raise money
The fisheries, mining license and cruise ship head tax measures ensure that all sectors of our economy contribute to the solution. The fisheries bill proposes an increase of 1 percent to various fisheries levies.
The mining license tax proposes an increase of 2 percent. The first $100,000 of a company's income is exempt from the increase. The cruise ship head tax legislation eliminates an existing port fees credit deduction.
Source: 2016 State of the State speech to Alaska legislature
, Jan 21, 2016
Page last updated: Oct 05, 2018