Senate Bill 21 denies Alaskans a fair share of our oil wealth, particularly when industry profits soar. Our prior tax system enabled us to grow our savings to $17 billion. Under the new system, these savings will likley be drained within the decade.
Wednesday, May 14, 2014
Reason #16: As owners of our oil, Alaskans deserve to be compensated fairly for our most valuable resource.
Senate Bill 21 denies Alaskans a fair share of our oil wealth, particularly when industry profits soar. Our prior tax system enabled us to grow our savings to $17 billion. Under the new system, these savings will likley be drained within the decade.
Monday, May 5, 2014
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Friday, May 2, 2014
Reason #14: Under SB 21, the Giveaway, oil production is forecast to decline 40% from today to 2023.
Governor Parnell promised that slashing oil taxes would increase production. But now his Department of Revenue predicts a 40% production decline from today through 2023. This is a far cry from the million-barrel-a-day goal he set when promoting The Giveaway.
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