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Our view: Governor's new oil tax bill is another version of the old

Anchorage Daily News online -- Published: April 21st, 2012 10:51 PM
Last Modified: April 21st, 2012 10:51 PM

This doesn't get us anywhere.

Gov. Sean Parnell has a new number for his oil tax bill, House Bill 3001. But the other numbers are much like those of House Bill 110, which provided more than $1 billion a year in tax relief to major oil producers without securing any binding commitments in return. The governor's bill does include a version of the tax break for new oil production that the Senate passed last week in the waning hours of the regular session. That Senate bill was a smart compromise that provided incentives in the right order -- produce new oil, bank more profit.

The governor's prescription for legacy fields abandons that principle and simply pushes billions across the table to the industry on faith

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Submitted Apr 22, 2012 By: Nitewolf

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REPLIES (newest first)Ignore Short Messages

jrs4125 Champion Author Indiana Posts:2,758 Points:591,745 Joined:Sep 2011	Message Posted: Apr 24, 2012 12:14:00 AM Ignore jrs4125 Report Abuse Money talks and politicians listen.
dave27johnson Champion Author Chicago Posts:1,787 Points:408,325 Joined:Feb 2012	Message Posted: Apr 23, 2012 7:58:26 PM Ignore dave27johnson Report Abuse Keep working on a better bill.
Van_Halen Champion Author Atlanta Posts:2,850 Points:641,980 Joined:Apr 2011	Message Posted: Apr 22, 2012 8:06:12 PM Ignore Van_Halen Report Abuse . Dah! Meet the new boss, same as the old boss!
dorisntx Champion Author Fort Worth Posts:2,079 Points:645,855 Joined:Apr 2011	Message Posted: Apr 22, 2012 2:13:39 PM Ignore dorisntx Report Abuse great
MusicalMan7 All-Star Author Ohio Posts:597 Points:93,330 Joined:Apr 2012	Message Posted: Apr 22, 2012 2:05:07 PM Ignore MusicalMan7 Report Abuse These oil people cannot be trusted to EVER 'do the right thing' unilaterally; they will do the PROFITABLE thing first and foremost, whether right or wrong. Last thing they need is more free tax credits with no commitments or reciprocation.
djwhit Champion Author Ohio Posts:3,007 Points:1,207,480 Joined:Jul 2009	Message Posted: Apr 22, 2012 1:55:46 PM Ignore djwhit Report Abuse NO MORE TAX's..........
Meowmy Champion Author Florida Posts:1,293 Points:348,105 Joined:Jan 2011	Message Posted: Apr 22, 2012 1:46:58 PM Ignore Meowmy Report Abuse DUUUUHHHHHH!!!!!! They don't want to give up any profits.
kag2010 Champion Author Winnipeg Posts:5,254 Points:1,019,760 Joined:Apr 2010	Message Posted: Apr 22, 2012 12:55:34 PM Ignore kag2010 Report Abuse OK.
cdrrod Champion Author Wisconsin Posts:4,154 Points:783,775 Joined:Feb 2006	Message Posted: Apr 22, 2012 12:41:42 PM Ignore cdrrod Report Abuse Concur: it seems same-o, same-o!