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Alaska can have a vibrant future
if we act now

Alaska is in a recession due to low oil prices and declining production.

• State has a $3+ billion deficit
• Reserve accounts are almost drained

We have the ability to fix our fiscal problems.

• Continue cutting cost of government
• Restructure the Permanent Fund
• Add new revenues, if necessary

Encourage your legislators to find a solution this session

 

Get the facts Read our latest newsletter

Alaska’s had a great ride, but it’s not sustainable.

Dear KEEP Supporter,

As you know, the KEEP Alaska Competitive Coalition, 5,000 members strong, is a broad based group of native corporations, businesses, unions and individual Alaskans who share one common objective: We care deeply about our state and its economic future.

Our mission is to promote investment in resource development and secure Alaska’s economic future by advocating for a durable, sustainable and balanced state fiscal plan that provides for stable, competitive tax policies.  We recognize Alaska must address its fiscal crisis, and make meaningful progress toward fixing it, so that our oil industry, and all of our resource industries, can survive and prosper.

The oil industry has paid for almost 90% of Alaska’s government. Oil has funded our schools, roads, airports and public safety. Oil strongly supports our charities and has created about 1/3 of Alaska’s jobs. Oil has funded Alaska’s $55 billion dollar permanent fund and has allowed Alaskans the luxury of not having to pay state income or sales taxes.

But, times have changed. It’s been a great ride, but it’s not sustainable.

Oil production has fallen to ¼ of its peak, our pipeline is ¾ empty and oil prices are low. While our General Fund budget has been reduced over the past three years, it still must be reduced further.

Alaska is in a recession due to low oil prices and an unsustainable fiscal situation that discourages investment. Threats to raise taxes on our resources industries also discourage investment.

We will have to compete for investment or we will fail. We will have to continue to reduce the cost of state government. We will have to utilize earnings from our $55 billion dollar permanent fund on a sustainable basis, to help pay for state services. We will need to reduce the amount of our PFD checks. And we may have to start paying our own way, with some form of new taxes if necessary.

We must do all this without taxing away all of the incentives of our resource industries that invest heavily in our state and create jobs.

And, we must change now or accept a worsened economy. With every delay we forgo many of the options that are on the table now and also face elimination of the dividend program out of necessity.

Now is the time for action. We cannot continue to kick the can down the road.

This is where the KEEP Alaska Competitive Coalition can make a difference. We must urge our employees, colleagues, friends, family and others  to contact their legislator and ask them to create and support a solution to Alaska’s fiscal crisis. Action must be taken this legislative session and should include cuts, restructuring the permanent fund, and may include new taxes such as an income tax, a sales tax, motor fuel tax and/or other miscellaneous consumption taxes.

And we must remind our representatives in Juneau to not kill our resource industries with unstable tax policies and over taxation in the process.

KEEP has developed a toolkit, similar to what we did during the Vote No on 1 campaign, which will help us deliver our message. The toolkit includes a short video which succinctly explains our fiscal crisis, and our options to fix it, as well as a PowerPoint presentation and printable fact sheet. We have updated our website and now have a social media component where you can review our latest posts and join the conversation.

Once again, thank you for your support of the KEEP Alaska Competitive Coalition. We look forward to working with you to ensure Alaska will be open for business for years to come.

 

Jim Jansen
Co-chair
Keep Alaska Competitive
Marc Langland
Co-chair
Keep Alaska Competitive

 

 
About KEEP
KEEP Alaska Competitive is a 501(c)(6) organization composed of individual Alaskans, Alaska Native organizations, businesses and labor groups who care deeply about our long-term economic future. We do not take contributions from oil producers.

 

 

 

Make Your Voice Count

Sign up to oppose tax increase provisions in CS HB 111 – and help protect Alaska’s economic future

How can Alaska grow its economy when we keep penalizing our most vital industries?

Please join KEEP and the growing number of Alaskans committed to creating a strong, healthy, prosperous Alaska for generations to come.

Sign up – add your name to this online petition to show our legislators that you support a strong Alaska economy by opposing tax increases that will result in fewer jobs and less production.

Petition:

CS HB 111 (House Resources version) significantly raises taxes on the oil industry at a time of low oil prices and little or no profitability. That is the wrong state policy to create jobs and to continue to put more oil in the pipeline. SB 21 is working and should not be changed now. A stable tax structure with the proper incentives for investment will create more prosperity for Alaskans. Solve Alaska’s fiscal problem without doing it on the back of our resource industry. We do not support the provisions of HB 111 that increase oil taxes or create unnecessary and unworkable bureaucracy in DOR and DNR.

Make Your Voice Count

Sign up to oppose tax increase provisions in CS HB 111 – and help protect Alaska’s economic future

How can Alaska grow its economy when we keep penalizing our most vital industries?

Please join KEEP and the growing number of Alaskans committed to creating a strong, healthy, prosperous Alaska for generations to come.

Sign up – add your name to this online petition to show our legislators that you support a strong Alaska economy by opposing tax increases that will result in fewer jobs and less production.

Petition:

CS HB 111 (House Resources version) significantly raises taxes on the oil industry at a time of low oil prices and little or no profitability. That is the wrong state policy to create jobs and to continue to put more oil in the pipeline. SB 21 is working and should not be changed now. A stable tax structure with the proper incentives for investment will create more prosperity for Alaskans. Solve Alaska’s fiscal problem without doing it on the back of our resource industry. We do not support the provisions of HB 111 that increase oil taxes or create unnecessary and unworkable bureaucracy in DOR and DNR.

[signature]

Signing this petition gives KEEP Alaska Competitive permission to use your name in selected advertising and/or other communications.
289 total signatures

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289Pete S.99517Mar 28, 2017
288Yolanda B.99654Mar 28, 2017
287Phylis S.99654Mar 28, 2017
286Mel .99504Mar 28, 2017
285galen n.99508Mar 28, 2017
284David S.99515Mar 28, 2017
283Michael R.99502Mar 28, 2017
282Yvonne S.99507Mar 28, 2017
281Chad S.99611Mar 28, 2017
280Drue P.99501Mar 28, 2017