If local citizens want to pony up the money to right this wrong, they should put up the tax dollars. They should not come begging to Washington to do it.
Scott Hodge
You're foursquare in a dilemma if you want to broaden the base and lower tax rates. If you broaden the base, you raise taxes on people who pay nothing, and if you lower rates you cut taxes for the rich.
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You had a president who was clearly committed to fundamental tax reform, and we assumed that they would be taking that commitment to heart.
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Instead, what we see is yet another blue-ribbon panel tinkering around the edges of a system that is absolutely broken.
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Americans spent 6 billion hours last year complying with the tax code.
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States do not enact tax changes in a vacuum. Every tax change will affect a state's competitive position relative to its neighbors, as well as globally.
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Taxes matter to businesses. How a state taxes business is just as important as how much a state taxes businesses.
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Alaska has the third best tax system for business in the nation for the second year in a row.
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If you were to look at Alaska simply with its corporate tax code compared to the rest of the United States, it would rank very poorly because it's a very complicated corporate tax system, very high tax rates, but that is offset and balanced by the fact that Alaska does not have a personal income tax and does not have a sales tax.
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Alaska, in many respects, is a cheaper tax place to do business and should be a very attractive place for companies to locate or expand in.
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