When Alaska’s current oil tax system, SB 21, passed its backers made four promises: More oil production, more jobs, more money in the Permanent Fund, and economic growth in Alaska. All four proved false: oil production has continued to decline, oil jobs have decreased, Permanent Fund Dividends have been cut, and budget cuts forced the state into a recession. Alaskans have the chance to fix this broken system and replace it with a system that is fair to Alaskans and producers both.
