J777, you have presented a link to an article from 2002 when we had a $1B deficit.  Not nearly the $3B + deficits we have suffered for 2 years.  Hammond always said his biggest regret was not vetoing the Legislature's bill to eliminate the sales tax.

"He said he prefers a seasonal selective sales tax, an income tax -- possibly capped at the level of that year's dividend checks -- and various user fees to bridge the fiscal gap. He said he also might agree to selective capping of dividend checks, but only under duress."

However, regarding the dividend cap, I believe that we are now under "duress".  I believe that not inflation-proofing the PF is also a serious threat to the PFD.  The Keithley/Dunleavy proposal fails in that respect.  SB21 needs to have oil tax credits fixed (i.e. removed) and taxes at low $ oil raised.  

I believe that we need to make all the fixes in parallel rather one at a time.  Fix oil tax credits and tax rates on low $ and new oil.  Reduce the PFD for 3 years.