NEWS: Giveaway changes: More Money, More Power to Oil Companies

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.
Read More →

NEWS: Democrats Push Permanent Fund Dividend Protection In Light Of Oil Giveaway

JUNEAU - Today eight Democratic legislators filed legislation to protect the Permanent Fund Dividend by placing the current dividend formula in the Alaska Constitution. With GOP leaders pushing an oil giveaway that is likely to cost Alaskans upwards of $1 billion or more a year, future legislators are likely to start cutting the Dividend to fund state revenue. To protect against attempts to spend the Dividend in tight economic times, former Governor Jay Hammond proposed an initiative in 2002 that would have enshrined the Dividend in the Constitution, but Lt. Governor Loren Leman rejected it as not able to be done by initiative.
Read More →

BREAKING: Democrats Press Conference - Oil Tax Alternative

House and Senate Democrats to hold press conference today to introduce oil tax alternative WHAT: Democratic legislators Press Conference to introduce their oil tax alternative WHEN: 12:00 noon, Monday, February 11, 2013 WHERE: Butrovich Room, State Capitol TELECONFERENCE: From Juneau: 463-5009 Outside Juneau: 855-463-5009
Read More →

Democrats Push for Hearing on Oil Tax Credit Accountability

“Alaskans need to know what we got for our four billion dollar North Slope investment” JUNEAU – Today, House Democratic Whip Berta Gardner (D-Anchorage) called for a hearing on two bills designed to provide Alaskans more information on the State’s North Slope investments. The bills will help Alaskans know if our massive investments are meeting our twin goals of more oil in the pipeline and more jobs for Alaskans. Recent testimony puts the state’s investment at over $4 billion over the last five years.
Read More →
Page 2 of 3123