NEWS: It Doesn’t Have To Be This Way

Rep. David Guttenberg

Oil Wealth Giveaway increases deficit now, undercuts ability to replenish savings later

A small budget is not surprising, but the lost opportunities for Alaskans and inability to replenish state savings accounts due to recent changes to the state’s oil tax will cost Alaska in the future, said House Democratic leadership today in response to Governor Parnell’s proposed budget.

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NEWS: “New” Oil Regs a Fool’s Errand, Need More Work and Review

Democratic Legislators highlight big risks in draft Oil Wealth Giveaway regulations

JUNEAU – Today, Alaska Democratic Legislators warned of significant risks, impossible expectations, and the potential for industry to game the system in their official comment letter to the Alaska Department of Revenue on its proposed regulations for Senate Bill 21, the governor’s oil wealth giveaway.

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NEWS: Real-Time Giveaway Counter Posted

Democratic Legislators Post Oil Wealth Giveaway Cost to Alaskans in Real Time

JUNEAU – Today, the House Democratic Caucus published a real-time counter on its website (akdemocrats.org/our-oil-bill/giveaway/) to show Alaskans up-to-the-minute losses from the governor’s oil wealth giveaway, SB21. While the Governor’s giveaway is extremely generous to corporations in London and Houston, the giveaway will adversely impact individual Alaskans.

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