NEWS: It Doesn’t Have To Be This Way
December 12, 2013
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: Giveaway changes: More Money, More Power to Oil Companies
April 4, 2013
Late Night meeting increased size of giveaway, repeats past mistakes
JUNEAU – Just after 2:00 a.m. this morning, the House Resources Committee voted to give away more of Alaska’s oil wealth with no guarantee of new production and to make the state rely on oil company statements instead of actual receipts when auditing deductions for tax breaks. The committee also tried to undo hard-won provisions that allow the oil companies that own the Trans Alaska Pipeline (TAPS) to charge the state and other companies for all of their expenses, not just the “reasonable” expenses allowed under current law.
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