giveaway

The Coalition working for you

Rep. Les Gara

NEWS: Flawed Oil Tax System Shortchanges Alaska in Favor of Giveaways to Big Oil

JUNEAU – This week, economists with the Alaska Department of Revenue produced a report analyzing how much Alaska generates in oil production taxes after the state pays out subsidies in the form of oil tax credits. The report shows that in the next fiscal year, FY 2018, the state of Alaska is slated to pay out roughly $20 million more in tax credits than it is estimated to receive in production tax payments.

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Alaska state and flag

NEWS: New Report Questions Wisdom of Large Oil and Gas Tax Credits

ANCHORAGE – A new report from the Alaska Department of Revenue shows a substantial negative effect on the finances of the State of Alaska from large oil and gas tax credits. The report concludes that North Slope oil and gas production tax credits may be an inferior investment for Alaska compared to investing in the Constitutional Budget Reserve Fund. 

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Alaska state and flag

NEWS: GOP Ignoring Oil Tax Credit Spending Cap

ANCHORAGE – Today, the Alaska Independent Democratic Coalition released a memo from the Alaska Department of Revenue showing the Republican-proposed budget spends $600 million more on oil tax credits than provided for under Alaska’s statutory cap on credit payments.

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Rep. Les Gara

NEWS: Gara to Oil Companies: Pull False Radio, TV Ads

Anchorage – Today, Representative Les Gara (D, Anchorage) called on four major oil companies to stop misleading Alaska voters. “When you spend over $8 million to dishonor voters by blitzing them with false information, it’s a reflection you have a weak case,” Gara said of the television and radio ads paid for by BP, ExxonMobil, Spanish company Repsol, and ConocoPhillips. Gara wrote each company today to call for them to withdraw their misleading claims.

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Contact Info:
Graham Judson Press Secretary
(907) 465-5284
120 4th St, Juneau, AK 99801