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.

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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.

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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.

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Rep. Josephson’s Newsletter: Save Our Schools

In several of my previous newsletters, I focused on what I believe are detrimental cuts to education. This week a welcomed wave of public support for education funding crashed down on the legislature.

Also, a big congratulations to the to the East High School boys’ basketball team for winning the State Championship! Way to go T-birds!

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