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About Alaskanomics

Northrim Bank launched the Alaskanomics blog to provide news, analysis and commentary on Alaska’s economy. With contributions from economists, business leaders, policy makers and everyday Alaskans, Alaskanomics aims to engage readers in an ongoing conversation about our economy, now and in the future.

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Monday, September 13, 2010

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Joe Beedle

ACES progressivity is too aggressive! This idea to bracket/bucket the increase Vs apply increase rate to all revenue is one step. Reducing the progressivity incline to a more reasonable level and dropping the base from 25% to 22% (as originally proposed by Palin) would also be more in line with other international tax regimes. Now that we got the windfall in our savings accounts (for those that needed to exact some revenge on the industry), let us return to something that will incent more production before we kill the goose! The independent's got what they needed to incent some exploration out of the bill (reasonable tax credits), but eventually they too will need relief from the high base and steep progressivity incline.

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