ugg button Alaska Senators applaud the passage of the Senate tax bill 51

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Lisa Murkowski and Sen. Senate.

Murkowski released a statement that highlighted a section of the bill she wrote that would open up the 1002 Area of the Arctic National Wildlife Refuge (ANWR) for energy development.

“This bill provides relief for hardworking Alaskans and their families by doubling the standard deduction, increasing the child tax credit, and reducing the tax brackets at every income level. It stimulates economic growth and takes the actions we need to get the economy back on track,” said Senator Murkowski.

Murkowski said the bill was focused on job creation, particularly “the kind of jobs that allow Alaskans to build up their savings to cope with the unexpected and to retire with peace of mind. This bill provides a tremendous opportunity for small businesses, which make up 99 percent of the businesses in Alaska, making this a huge win for our state.”

Meanwhile, Rep. Don Young applauded the Senate for passing the bill, focusing on the potential for development in ANWR and the change to the country’s tax code.

“As we move forward, particularly through the Conference Committee process, I will work with my House colleagues to ensure Alaska’s interests are protected and our energy sector continues to be a global leader. This is crucial for the economic growth of our state and nation, but also for countless families, communities and small businesses,” said Young.

The Senate has passed a nearly $1.5 trillion Republican tax bill that’s historic in scope and an urgent political priority for President Donald Trump and the GOP.

The vote was 51 49, largely along party lines. Not a single Democrat voted in favor of the legislation, which was crafted behind closed doors by Senate Republican leaders. Tennessee Sen. Bob Corker, who calls the growing debt a national security threat, joined Democrats in opposing the bill.

The bill lays the bulk of its tax cuts on businesses and higher earning individuals and gives more modest breaks to others. tax system in three decades.

The Senate has voted to eliminate a tax break for a politically connected conservative college in Michigan.

Democratic Sen. Jeff Merkley of Oregon proposed the amendment to eliminate the tax break for Hillsdale College in southern Michigan. He noted that Hillsdale has connections to powerful Republicans, including Education Secretary Betsy DeVos.

Merkley says, “Isn’t that just the type of insider deal for the wealthy and well connected that we should oppose?”

The Senate Republicans’ sweeping tax package would impose a new tax on investment income earned by some private universities and colleges.

Republican Sen. Pat Toomey of Pennsylvania added a provision exempting certain colleges that don’t receive federal funds. Democrats say Hillsdale was the only college that would benefit.

Merkley’s amendment was adopted by a 52 48 vote.

The Senate has given a green light to opening Alaska’s Arctic National Wildlife Refuge to oil drilling.

In a vote early Saturday morning, Republicans rejected an effort led by Democratic Sen. Maria Cantwell of Washington state to block drilling.
ugg button Alaska Senators applaud the passage of the Senate tax bill 51