The thing that bothers me about reducing PFDs is that it affects everyone equally.  I "lose" no more than one person I know who lived in a trailer without insulation because she could not afford to get any.  And as AKfox points out, PFDs are not an entitlement.  This is not a government subsidy: it is investment income from our oil.  On the other hand, an income tax would require a taxing apparatus and money to pay for it. That's what I'd prefer, if possible.