Q1 "You have made the statement that the passage of this ballot measure would create thousands of Alaskan jobs. Can you expand on this? I don’t understand what jobs would be created. Are you talking about additional State employees? I thought that the main purpose of the ballot [Read More...]
In Alaska, it’s exploitation by deductions from oil by Joe Paskvan, Fairbanks originally published 10/22/20 Fairbanks Daily News-Miner The shameless character of oil executives is world class. They are so used to exploiting governments and people that they just don’t see themselves as they truly are: exploiters. The apex of [Read More...]
Detailed Modeling by Former Tax Director of the Department of Revenue Compares Existing Production Taxes Under Senate Bill 21 with Ballot Measure 1 The comparison reveals the State has paid and owes more in cashable credits than it has received in production taxes under SB21. It also reveals permitting unrelated costs [Read More...]
Ballot Measure 1 (the Fair Share Act) amends the current production tax regime created under Senate Bill 21 (SB21) to make it fairer and more transparent for Alaskans. The major Texas-based producers and their surrogates who fashioned SB21 will say anything to keep Alaskans from amending SB21 and getting a fair [Read More...]
Since SB21, Alaskans have paid the producers more in cashable credits than we have received in production revenues. A $1 billion per-year increase is more than fair to the major producers. With this increase, the major producers will actually be paying less on average than they [Read More...]
Under SB21, Alaskans’ share has been anything but fair. SB21 has made a bad situation unbearable through providing artificially low production tax rates and unnecessary tax credits for our three largest and most profitable oil fields. Alaskans simply cannot afford to continue giving away billions of dollars in corporate [Read More...]
Among the cuts to state services and capital spending, SB-21 has cost each Alaska almost $7,000 in Permanent Fund Dividend cuts. Your dividend was cut to subsidize corporate welfare. Alaska is paying Big Oil to pump oil from the largest, most profitable conventional oil field in the United States. At [Read More...]
