NEWS: Coalition Press Availability Thursday to Discuss Oil Industry Subsidies

Juneau – The Alaska House Majority Coalition will hold a press availability Thursday afternoon to answer questions from reporters covering the 30th Alaska State Legislature. Specifically, Coalition members will discuss legislation to reform Alaska’s oil tax regime. Participants will include Majority Leader Rep. Chris Tuck (D-Anchorage), House Rules Committee Chair Rep. Gabrielle LeDoux (R-Anchorage), House Finance Committee Vice-chair Rep. Les Gara (D-Anchorage), and House Resources Committee Co-chair Rep. Geran Tarr (D-Anchorage).

Read More →

June 29th Note from Rep. Gara: Session Good, Bad & Ugly: Schools, Children, Seniors Protected; Economy Not!

Rep. Gara Newsletter

While some good news came out of session, I’m frustrated, and know you are. As one vote, I don’t get to make all 60 people take action. I get to try. And I get to pitch compromises that I can’t force anyone to respond to. I’m a fan of democracy. I’m not a fan of not being able, as one person, to force people out of their ideological boxes to reach needed compromise, to get good things done.

Read More →

NEWS: House Moves to Prevent Government Shutdown with Passage of Combined Operating and Capital Budgets

Juneau – Tonight, to avoid a government shutdown at the beginning of the month, the Alaska House of Representatives passed a combined Capital and Operating Budget for Fiscal Year 2018. The House budgets reverse the Senate’s $69 million cut to K-12 education and most of the cut to the University of Alaska. Additionally, the Capital Budget restored the full amount of expected Permanent Fund Dividends, which will be paid in the fall to eligible Alaskans.

Read More →

NEWS: Change the Name, Pay the Same: Senate Oil Bill Replaces $1.5 Billion in Cash Credits with $1.45 Billion in Lost Revenues

Rep. Les Gara

Juneau – Recent analysis from the Alaska Department of Revenue shows a stark contrast between the competing versions of legislation to reform Alaska’s unsustainable system of subsidizing the oil industry on the North Slope with unaffordable tax credits. The version of House Bill 111 supported by the Alaska Senate Majority follows the lead of the Alaska House Majority Coalition in ending the practice of paying oil companies cash for tax credits, but on paper only. This is expected to save the State of Alaska an estimated $1.5 billion over the next ten years. However, the Senate version of the bill would result in the loss of $1.45 billion in revenue over that same timeframe by replacing the cash for credit system with a higher percentage of “carry forward” deductions that oil companies could subtract from production and other taxes they pay to the State of Alaska.

Read More →
Page 3 of 9012345...102030...Last »