I’m Here for You
I want to hear from you,
share your thoughts, voice
your opinion. Together we
will make a difference.
Click here to visit my Website
Click here to write
me an email
Call me anytime:
Toll-Free (866) 465-2095
716 W. 4th St., Ste. 340
Anchorage, AK 99501
(907) 269-0242 fax
State Capitol Bldg. Rm. 422
Juneau, AK 99801
(907) 465-3810 fax
EMAIL: Gov. Sean Parnell
Senator Lisa Murkowski,
Senator Mark Begich,
EMAIL: Sen. Mark Begich
Congressman Don Young,
EMAIL: Rep. Don Young
March 30, 2013
Make Your Voice Heard on Oil Taxes
Thank you for staying involved and being the eyes and ears of our neighborhood. We are in the last days of session and it is important that we keep in touch. Time permitting, I will send you updates as bills move through the legislature.
On Monday, April 1, at 1:00pm, the House Resources Committee, which I serve on, is taking public testimony on the governor’s oil tax bill, SB 21. The bill passed the State Senate by a narrow 11-9 margin. For the past few days, the committee has been hearing from various consultants, Conoco Phillips, British Petroleum, Exxon, and other supporters of the bill.
Rep. Tuck asking a question during a House Resources Committee meeting.
I have been asking how this bill will create more oil production, and more revenue for Alaska. No one will answer. Information is hard to get. They avoid admitting what past experts have confirmed, that our current tax credit system is the most competitive in the world for new investments in Alaska.
Instead, they argue going back to a flat tax without credits (allowing profits to be spent anywhere) and thus lowering the effective tax to make us more “competitive”. This is a race to the bottom approach with no commitment. The only guaranteed result is Alaska will lose billions of dollars in revenue if this bill passes.
Rather than buy down their tax rate by reinvesting in Alaska, they want to pay less and invest anywhere in the world. Currently, if profits are taken out of the state to invest elsewhere, Alaska receives more revenue. If profits are used to reinvest in Alaska, they pay less taxes.
As someone who has always worked hard for a living, I understand the need for good paying jobs, getting more oil in the pipeline, and a stable tax structure that encourages more production. That’s why I co-sponsored HB 111, which improves Alaska’s Clear and Equitable Share (ACES) and further incentivizes new oil production.
Our current oil tax structure under ACES is a great start and can use a few tweaks. But we don’t need to throw the baby out with the bath water. Please make your voice heard by going to the Legislative Information Office in downtown Anchorage at 716 W. 4th Avenue, Suite 200, 1:00pm on Monday.
The billions of dollars SB 21 gives away will affect all aspects of life in Alaska. There will be less infrastructure development, less energy projects, less opportunities for new industries, and our education system will be affected.
At the Save Our Schools hearing with Reps. Josephson, Kawasaki and Kerttula.
At a pro-education hearing this week, we heard over and over the importance of education to our economy and how the learning needs of our schools are being ignored.
It was powerful to hear from so many people who are concerned about our economy and the education of future generations.
Rep. Tuck was “Top Gun” at the Legislative Shoot. Here with Reps. Tarr and Josephson.
Please let me know your thoughts on these or other issues that are before the Legislature in these last weeks of the Session.
I will keep asking the direct questions and pushing for a smart, targeted oil tax that will bring more new oil and more jobs to the state.
I’m here for you, so please keep in touch on matters important to you and your family. I hope you are having a great Easter weekend!
I’m here for you, so please keep in touch on matters important to you and your family!
Alaska State Representative
District 29 – Anchorage
Early Voting in Municipal Election
Voters can cast an early ballot at either the Loussac Library on 36th Avenue or at City Hall downtown weekdays between now and the April 2nd election. Or you can vote at your local polling place on election day. Assembly, School Board and propositions are all items to be decided in this election.
PFD Application Deadline
Don’t forget to apply for your 2013 Permanent Fund Dividend. The application deadline is midnight this Sunday, March 31.