For decades, the US State of Alaska has obtained most of it's revenue from oil. As the oil income stream to Alaska slows, as the State acknowledges that it will, Alaska's budget is projected become increasingly reliant upon so-called "non-oil" tax revenue. That means more tax on corporations. And eventually, we speculate, on individuals. Goes to the motive of McCain's VP candidate Alaska Governor Sarah Palin (as pictured) for supporting ANWR drilling.
Alaska’s tax revenue grew at an average annual rate of 12 percent from fiscal year 2001 through fiscal year 2006...This growth came from both oil taxes and non-oil taxes...
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