NEWS: Rep. Gara Calls Out Governor’s Flip Flopping on Oil Taxes

Rep. Les Gara Today, Representative Les Gara (D-Anchorage) called on the governor to explain his continuing change in position on Alaska’s oil tax law, known as ACES. In 2010, the governor took a position that was in line with that being pushed by House and Senate Democrats - that reasonable tax cuts should be tied to Alaska production, and breaks should not be given to companies that would spend them outside Alaska in “some other country.”
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Note from Rep. Gara: Oil Production for Tax Reduction; And a Poll: Gulp, Want Shorter Newsletters?

Rep. Les Gara Our Oil Bill: Alaska Production to Earn Tax Reductions Earlier this month I and others filed legislation we think will work far better than the Governor’s bill. It requires Alaska production for reasonable tax reductions. That contrasts to the Governor’s bill, the major part of which gives away $1 - $2 billion in Alaska revenue allowing companies to spend that money anywhere they want in the world, with no Alaska investment requirements.
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