The House Finance Committee will be holding its first public hearings on the Governor’s oil tax bill (HB 110) this Thursday and Friday. This proposed bill would give more than $10 billion over the next 5 years to the oil industry in a bid to get more oil in the pipeline.
I am very supportive of more oil production and more jobs for Alaskans. However, information discovered during review of HB 110 has raised serious questions about the best way to spur more oil production and jobs. Below is a longer discussion of the oil tax issue.Read more