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Alaska facing first income tax in 35 years

Monday, December 28, 2015 - 05:50
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The Trans-Alaska Pipeline which allows crude oil to be shipped from oil fields emerging in the Arctic to the port in Valdez; Mr Walker is proposing to scale back dividends from a state savings fund as he seeks to get Alaska back on a stable financial footing with less dependence on oil.

Anchorage, Alaska

OIL money no longer pays the bills here.

The governor, facing a profound fiscal crisis, has proposed the imposition of a personal income tax for the first time in 35 years. State lawmakers, who recently moved into a palatial new office building here, where they