Hackenmueller is either woefully misinformed about business, budgets and economics or he’s hiding his big government, tax and spend liberal agenda. Either way, Joe the “Independent”, who was a registered Democrat in April, is the wrong choice for Eagle River.
In his recent mailer, Joe argues that the State has made substantial budget cuts and claims that:
“We are spending about the same this year as we did ten years ago”
Not true. He is only looking at one budget source, the Unrestricted General Fund. The Total Operating Cost of State Government has increase significantly. Hackenmueller’s logic is like saying my household budget is in order because I’ve reduced spending from my entertainment account. The real budget discussion is about the Total Operating Cost, the cost that will reduce our savings every year.
This past week, in a debate on the Dave Stieren Show, Hackenmueller referenced support for Robin Brena\’s proposal to take one third of gross receipts from the Oil & Gas Industry in Alaska. From a business perspective, this is fundamentally misguided. If a mom and pop coffee shop had gross receipts of $1000, would you take a 1/3 tax ($333) when their expenses were $900? No way, that model would kill your business, kill jobs and drive the economy in the ditch. That\’s not the way America works. Taxes are paid on profits. Stable taxation and incentives for investment are hugely important to business, jobs and our economy, which is heavily dependent on continuing oil and gas investment. Hackenmueller doesn’t seem to understand those basic principles.
So, either Joe doesn’t get it or he’s hiding his big government, tax and spend liberal agenda that will drain the Permanent Fund and come after Alaskan’s pocketbooks in the form of taxes.