production before reduction

The Coalition working for you

Rep. Kawasaki’s Juneau Note: BUDGET ALERT! and Oil Tax Breaks

April 12, 2013

Two days left to go in the first session of the 28th Legislature and we are working into the night on important issues to shape the future of Alaska.

Alaskans have a $16 billion dollar savings account because state leaders ensured throughout history we get a fair share of OUR oil wealth. The UAF Engineering buildings, Cushman Street Expansion, and Ryan Middle School Renovations, and energy relief for the Interior are just a few examples of projects that are possible because of these wise investment decisions. Billions of dollars each year go to enhance communities – 90% of those dollars come from the development of oil. I will continue to fight on your behalf for those dollars to stay here.

Rep. Tuck’s Community Connection: The Real Story – North Slope Jobs and Investment are Rising Under ACES

April 11, 2013

The Legislature continues to rush forward with the governor’s massive and ill-conceived giveaway of Alaska’s oil wealth at a frantic pace, hoping to get the bill passed before the 90 day session concludes on April 14. As I have stated before, this bill will give billions of dollars from the state treasury to the wealthiest and most profitable corporations in the world – with no promise or guarantee of increased production or investment in Alaska.

Rep. Tarr’s Times: Session is wrapping up

April 11, 2013

Dear Friends and Neighbors,

Session is scheduled to end this Sunday, April 14th. The major bills before the legislature are all still in play. Here’s an up to the minute update on the status of these bills.

NEWS: Dept. of Revenue Reveals True Losses to Alaskans from Oil Giveaway

April 11, 2013

Short-term spikes in oil price could be “double-whammy” to Alaskans

JUNEAU – In a letter released yesterday, the Department of Revenue released the first analysis of the potential losses to the state at high oil prices should the current oil tax giveaway proposal become law. At oil prices of $120 annual losses to the state would be around $1.6 billion and over $3 billion at prices over $150 per barrel. With this great a discrepancy between returns from the current system and the latest proposal, even short-term price increases could result in significant unrealized returns for Alaska.

Rep. Tuck’s Community Connection: Record Industry Profits, Strong State Savings – Tomorrow is the Time to Speak Out

April 8, 2013

Dear Neighbors,

This is the first in a series of newsletters about Senate Bill 21, the major re-write of Alaska’s oil tax system that is being hurried through the legislature in the last days of session. As it stands now, the proposal is a massive and ill-conceived giveaway of Alaska’s oil wealth with no clear connection to increasing oil production.

Rep. Guttenberg’s Legislative Report: Last Chance to Testify on Oil Taxes

April 8, 2013

Thank you to everyone that has called, written, or sent an e-mail to my office. It is very important to hear from you.

As we rapidly reach the end of session, we often receive lots of communication about budget items, bills, and other issues – sometimes orchestrated by one interest group or another. As I’ve said in the past, I don’t work for corporations. I don’t work for a political party. I work for YOU. I want to hear from constituents, not put-up campaigns. If you’re a District 38 resident, I want to hear from you!

Note from Rep. Gara: Tuesday Oil Testimony, A Billion or Two in Knik Bridge Liability and, Yes, Foster Care Bill

April 8, 2013

Dear Neighbors,

I’m sorry for not bugging you with one of these newsletters in a while – work has been crazy, and I’ve been battling to fix what I think is the worst piece of legislation this state has seen in a long time – an oil tax bill that will create fiscal cliff, cause $2 billion per year in annual deficits, and result in a loss of jobs through ripple effects across the state. The bill, at $120 a barrel, gives away roughly $1.5 – $2 billion in state revenue per year.

NEWS: Release the Hidden Oil Consultant Reports

April 8, 2013

Rep. Gara calls on Parnell administration to stop withholding oil information

JUNEAU – Today, Representative Les Gara (D-Anchorage) called on Governor Parnell to release reports on oil taxes done by two internationally recognized oil tax consultants over the last three years before the Legislature votes on current oil tax legislation. Last week, the Department of Revenue stated it would extend the response date to Rep. Gara’s requests from April 10, 2013 to April 24, 2013, ten days after the end of the regular legislative session.

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