Jenkins: Time to use the Permanent Fund earnings for their intended purpose

posted by Michael Ortega -

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Suppose you were a deer staring blankly into the blazing headlights of an oncoming, speeding truck. And suppose you were a member of the Alaska Legislature. But, with a tip of the hat to Mark Twain, I repeat myself.

The state Department of Revenue guys analyzed Gov. Bill Walker’s proposed payroll tax — read income tax or pay cut, your pick — and concluded it would cost the state $10 million and require the hiring of 40 new bureaucrats when fully implemented in 2020.

If adopted, and it ain’t likely with next year’s election looming, the 1.5 percent levy would take effect Jan. 1, 2019. It would have a maximum cap equal to two times the Permanent Fund dividend distributed in the previous calendar year. Good grief. It would affect every worker and those who are self-employed

Jenkins: Time to use the Permanent Fund earnings for their intended purpose

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