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My Turn: Facts emerge in support of YES vote

...our natural resources "for the maximum benefit of its people."ACES worked well to protect oil companies during low oil prices, and it rightfully made sure Alaska shared profits when oil prices increased. A cap on extremely high rates under...
My Turn: SB21 is risky business

...revenue under the newly enacted Senate Bill 21. I haven't heard a single concern about the enormous risk to Alaska at low oil prices and net operating loss. SB21 created risk for Alaska by giving any company with a North Slope oil or gas lease a transferable...
My Turn: 'Yes' vote gives Alaska time to get it right

...encourage production, primarily in the large existing fields. SB21 has a flat tax with limited adjustments for high and low oil prices, and does not require investment in the state to qualify for tax credits. In effect, SB21 gives control of a share...
My Turn: Alaska Bankers Association: Vote no on one

...contributing factor that put Alaska at a competitive disadvantage. In addition, ACES created significant state exposure in low-oil-price environments and with high-cost development projects. From our vantage point, where ABA members are responsible...
My Turn: Economic research shows Alaska is better off under new oil tax

...and Republicans acknowledged, ACES took too much of the profit at high oil prices and left Alaska too exposed at lower oil prices. Oil tax reform made Alaska more competitive, which has already led to more investment and new production that will...
Parnell wants reduced spending in next budget

...Parnell is expected to release his budget proposal next week.He says revenues are expected to be lower because of lower oil prices and declining production. The Legislature earlier this year passed an oil tax cut aimed at spurring more production...
State | AK legislature
Alaska Editorial: Pension liability

...the most recent legislative session. He expects oil revenue to be about the same as the old tax system because of lower oil prices. But, if prices increase, then the revenue would, too.Legislators and others opposed to last session's oil-tax...
Oil companies spend big to oppose tax referendum

...1.However, aides of Gov. Sean Parnell have projected a $2 billion drop in revenue this fiscal year because of lower oil prices and declining production.BP has been the top contributor to the Vote No campaign, giving $1.31 million."The...
State | AK legislature
Floor of Alaska Senate breaks out into oil tax debate

...rewrite of Alaska's oil production tax, which the Legislature passed last year. The state is better protected at lower oil prices under the new law and the new system would yield more revenues if prices continued to fall than under the former tax...
State | AK legislature
Text of Gov. Parnell's address

...especially true now, where we face less revenue due to lower oil prices.We must do what the president and Congress have been...The people's treasury takes in more revenue at lower oil prices than under the old tax regime.Last year, we also...
State | AK legislature


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