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Drop in oil prices rocks producer states, triggers historic tax hike plan in Alaska | Fox News
I used Fox News because you rubes believe its news you can trust.
I used Fox News because you rubes believe its news you can trust.
The plunge in oil prices has given a needed break to drivers this holiday season, but it’s causing some real pain in states that rely on oil revenue to fuel their economies and shore up their budgets.
Perhaps nowhere is the impact more pronounced than in Alaska, where Gov. Bill Walker is proposing a raft of new taxes, including the first personal income tax in over three decades, along with budget cuts to offset the damage from the price drop for the oil-reliant state.