Sean Randall Parnell on Tax Reform

Eliminate progressivity & create a simpler 25% tax

By eliminating progressivity, and rebalancing capital tax credit payments, we can create a simpler 25 percent tax. Gone will be the old arguments about what qualifies for the capital expenditure credits. Gone will be the need to calculate progressivity each month.

What will remain will be a more balanced, more competitive, and more predictable tax system, one with greater protections for Alaskans at lower oil prices, in exchange for lower taxes at higher oil prices.

Meaningful tax reform; cut spending by $856M

Tonight I'm asking each of you to vote yes on meaningful tax reform. The logic is clear: Meaningful tax reform means Alaska will have a more competitive economy. A more competitive Alaska economy means more investment in Alaska. More investment in Alaska means more oil production. And more oil production means a bigger economic pie for Alaskans. In addition to lowering taxes, we are working to increase oil production by streamlining the State's permitting processes.

Support the Cut, Cap, Balance Pledge

Significant short term cuts, a statutory cap on spending and a strong balanced budget amendment will put our nation on a path to living within our means. If the balanced budget amendment is sent to the states, I will support it for ratification.

Suspend the state motor fuel tax since we have enough money