Category - Coalition Press

Alaska State Seal

NEWS: Giveaway changes: More Money, More Power to Oil Companies

Late Night meeting increased size of giveaway, repeats past mistakes JUNEAU – Just after 2:00 a.m. this morning, the House Resources Committee voted to give away more of Alaska’s oil wealth with no guarantee of new production and to make the state rely on oil company statements instead of actual receipts when auditing deductions for tax breaks. The committee also tried to undo hard-won provisions that allow the oil companies that own the Trans Alaska Pipeline (TAPS) to charge the state and other companies for all of their expenses, not just the “reasonable” expenses allowed under current law.

See More
Alaska State Seal

NEWS: Democrats Push Permanent Fund Dividend Protection In Light Of Oil Giveaway

JUNEAU - Today eight Democratic legislators filed legislation to protect the Permanent Fund Dividend by placing the current dividend formula in the Alaska Constitution. With GOP leaders pushing an oil giveaway that is likely to cost Alaskans upwards of $1 billion or more a year, future legislators are likely to start cutting the Dividend to fund state revenue. To protect against attempts to spend the Dividend in tight economic times, former Governor Jay Hammond proposed an initiative in 2002 that would have enshrined the Dividend in the Constitution, but Lt. Governor Loren Leman rejected it as not able to be done by initiative.

See More
Alaska State Seal

NEWS: Democrats Offer Improvements to Small Gasline Legislation

Amendments would ensure low-cost gas, add accountability, provide maximum benefit to Alaskans JUNEAU - Tonight, in an effort to add much needed accountability and assurances Alaskans will get low-cost gas and the maximum benefit from a small diameter gasline, Democratic legislators in the Alaska House of Representatives offered a series of amendments to the gasline’s enabling legislation.

See More
Alaska State Seal

NEWS: Democratic Amendments: Invest in Education Now, Proven Payoff Later

Even with amendments, total budget would still be less than governor’s JUNEAU – Today on the floor of the Alaska House of Representatives, Democratic legislators offered a series of amendments to the state operating budget to save Alaska money by investing wisely in its human resources today. If each amendment passed, the total budget would still be smaller than that proposed by the governor.

See More

NEWS: Democrats Introduce Oil Tax Alternative

Reduction for Production: Bill Targets New Oil in the Pipe and Protects Alaska JUNEAU – House and Senate Democratic legislators introduced legislation today to grant tax concessions to oil producers who put new oil into the pipeline. The bill (SB50, HB 111) targets tax incentives to new fields and to new development in existing fields, and it offers other incentives outside the tax code to spark new development.

See More

HOUSE PLAN CALCULATOR


$

 
 

“The House Majority supports this education based income tax as one part of the solution to grow a stable economy.”

Find Us on Facebook

@AKCoalition TWEETS