NEWS: Dems Stand Against Historic Giveaway of Alaska’s Oil

Massive giveaway with no commitments is based on trust, not facts

JUNEAU – Last night, House Democratic legislators stood up against the governor’s massive giveaway of Alaska’s oil wealth during a debate on the House Floor that lasted well past midnight.

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Rep. Kerttula Op-Ed: Oil tax reduction? Not before production

Alaska doesn’t have to be a company town to be a resource state. But to be a successful resource state, we must get our resources to market and get a fair return for selling them. That’s why Alaska Democratic legislators put forward a proposal to spark development of new fields, squeeze more oil from existing fields, and advance non-tax ideas for getting more oil out of the ground and into the pipeline.

It’s simple: Production before reduction. Our bill puts Alaska first instead of giving away billions of dollars for nothing but promises and the status quo. If an oil company puts more oil in the pipeline than they are now, they pay less in taxes on that oil.

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