After numerous credit downgrades, a $3 billion deficit, and a reputation as one of the worst states in America for business, Alaskans can’t afford four more years of Bill Walker as governor. Walker announced his re-election campaign today, vowing with his running mate to finish “the work we have started.” But after nearly four years of failed policies that have made Alaska’s economy worse and job outlook bleak, Walker is already previewing the damage he would do if re-elected, with a goal of increasing the tax burden on Alaska’s citizens with a major tax hike.
With Alaska ranked as one of the worsts states in the country for business in 2017 by CNBC and a credit rating that has been downgraded multiple times since he took office, Walker now seems to think that more job-killing tax hikes are what Alaskans want. But as recent polling shows, Walker is one of the most unpopular governors in America, as Alaska voters are fed-with his failed leadership and policies that have hurt the state and pushed it backwards.
Gov. Bill Walker Is One of The Most Unpopular Governors In America. “Gov. Bill Walker’s popularity has slipped in the past 12 months. The Alaska governor who ran as a nonpartisan candidate is now the fifth least approved of governor in the nation.” (Suzanne Downing, “Alaska Governor Struggles For Approval,” Must Read Alaska, 4/12/2017)
Under Gov. Bill Walker, Alaska Is Facing A $3 Billion Budget Deficit. “State Lawmakers continue working overtime to try to come up with a budget solution. The two sides haven’t been able to agree on proposals that would help reduce the $3 billion deficit.” (Monte Bowen, “Lawmakers Still Struggling With $3 Billion Budget Deficit,” Associated Press, 4/28/2017)
Alaska Was Recently Ranked As One of the Worst States For Business By CNBC. “47. Alaska: The oil slump has sent a chill through The Last Frontier, opening a massive budget gap and putting the economy on ice.” (Staff, “America’s Top States For Business 2017,” CNBC, 7/11/2017)
Alaska’s Credit Rating Under Gov. Bill Walker Has Been Downgraded Multiple Times. “Credit rating agency Standard & Poor’s lowered Alaska’s credit rating on Tuesday and said the state’s reliance on financial reserves to fund its budget cannot continue. S&P Global Ratings dropped Alaska’s general obligation debt rating from AA+ to AA, with a negative outlook. This is just the latest in bad credit rating news for Alaska. Its rating has been sliding since last year. Another top rating agency, Moody’s Investors Service, also downgraded Alaska less than a week ago. S&P warned Alaska a month ago that a downgrade was coming if lawmakers didn’t adopt fiscal reforms to fix the state budget, which relies largely on oil revenue.” (Staff, “Alaska’s Credit Rating Downgraded Twice In One Week,” Tribune News Service, 7/19/2017)
Walker Is Pushing A Major Tax Hike That Would Hurt Businesses and Increase The Tax Burden On Alaska Families. “In a wide-ranging interview with The Associated Press, Walker says it’s imperative that revenue issues be addressed this year. He expects to unveil a tax bill for consideration sometime yet this year. The state is grappling with a multibillion-dollar deficit amid continued low oil prices.” (Staff, “Alaska Governor Plans To Propose Tax Bill,” Associated Press, 7/29/2017)