NEWS: Gara Debunks Oil Tax Myths: Pathway to Poverty Reduces Production, Threatens Education, Jobs, and Core Services

FOR IMMEDIATE RELEASE
March 5, 2014 

JUNEAU – Today Rep. Les Gara (D-Anch) has provided Alaskans with a source of information so they can see how the Governor’s oil giveaway kills Alaska’s ability to fund schools, construction jobs, and basic services.  It will be on Gara’s website, with documents, most of which were provided by the Governor’s paid experts and administration officials when they were pushing SB 21. The latest state projections show oil production will fall under SB 21 from over 500,000 barrels a day to 285,000 barrels in 2024.

“Writing a tax that tells the biggest oil companies in the world they get to keep billions in Alaska revenue and spend it outside Alaska is a fool’s game.  If you let them take our money outside Alaska, they will take our money outside Alaska.”

“Alaskans can’t match the millions oil companies are spending on deceptive ads. But I can get information out so people know truth, not just corporate spin from those who want to keep billions in oil revenue rollbacks,” said Gara.

The report is linked here and the documents here.

“Alaskans should make sure a fair oil tax requires Exxon, BP, and Conoco to invest in Alaska production for reasonable tax breaks.”

“Today the state is considering a budget that continues a three-year course of over 600 education layoffs; cuts substance abuse treatment funds and career counsellors; and leaves Alaska as an early education backwater.”

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