Wednesday, September 4, 2013

Reason #3 to Repeal Senate Bill 21, The Oil Wealth Giveaway

It Puts Job Growth in Alaska’s Oil Patch at Risk


The number of jobs in Alaska’s oil patched grew to the highest level in state history under our former tax system, Alaska’s Clear and Equitable Share (ACES).  Oil industry employment skyrocketed from 11,600 jobs in July 2007 to more than 14,700 in July 2013.  This is because ACES rewarded oil industry investment in Alaska with lower taxes.  Senate Bill 21 lacks this feature and risks the gains we’ve made in high-paying jobs for Alaskans.  SB 21 – it’s bad business for Alaska.
 
 
 

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