Rep. Tuck’s Community Connection: Alaska’s Finances Fall into Ruin while Oil Companies Make Blockbuster Profits
February 7, 2014
The final session of the 28th Alaska Legislature is well underway. As we wrestle with such issues as a constitutional amendment change to allow state funding of private schools, or whether Alaska should become an investment partner in a future gas pipeline, it is critical that we also stay focused on Alaska’s fiscal situation.
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NEWS: “New” Oil Regs a Fool’s Errand, Need More Work and Review
August 26, 2013
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
June 10, 2013
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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NEWS: Democrats Introduce Oil Tax Alternative
February 11, 2013
Reduction for Production: Bill Targets New Oil in the Pipe and Protects Alaska
JUNEAU – House and Senate Democratic legislators introduced legislation today to grant tax concessions to oil producers who put new oil into the pipeline. The bill (SB50, HB 111) targets tax incentives to new fields and to new development in existing fields, and it offers other incentives outside the tax code to spark new development.
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NEWS: House Democrats Call for Firm Timelines on Pt. Thomson Development
June 22, 2012
Without work schedules, continued delay likely
JUNEAU – Today, nine members of the House Democratic Caucus called on the Department of Natural Resources to require firm timelines and work schedules before approving Exxon’s most recent Plan of Development for Pt. Thomson. In their official comments submitted today, the lawmakers said that without a timeline for Exxon to complete the work, this Plan of Development is likely to result in the same delay and inaction that has kept the resource undeveloped for over thirty years.
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Democrats Introduce Accountability Measures for Oil Tax Credits
January 13, 2012
JUNEAU – Today, House Democratic Whip Berta Gardner (D-Anchorage) introduced two pre-filed bills designed to provide Alaskans more information on the State’s North Slope investments. The bills will help Alaskans know if our massive investment is meeting our twin goals of more oil in the pipeline and more jobs for Alaskans.
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