Anchorage investor tries to torpedo state income tax
One of the wealthiest Alaskans has launched a personal campaign against a statewide income tax, a policy that would likely take the most from the state's highest earners.
Investor Bob Gillam, who Forbes says is worth $320 million, is running radio and statewide newspaper ads pushing for the adoption of budget cuts and lower oil taxes instead of income taxes, which he claims are linked to "economic decline" in other states.
"Alaska does not need an income tax. We need oil in the pipeline," says the radio ad's narrator.
The ad also claims, without citing a source, that Alaska's budget "has more than doubled." State spending has actually been reduced to the same level as 10 years ago, according to a legislative analysis this month.
Read more: https://www.adn.com/politics/2017/01/27/anchorage-investor-tries-to-torpedo-state-income-tax/