Governor Pushes Tax Rollback
Parnell claims that the changes are needed to encourage investment by producers in Alaska.
They have dominated discussion in the halls of the State Capitol for weeks, and today, oil taxes were the hot topic in Anchorage.
Governor Sean Parnell headlined a State Chamber of Commerce luncheon today aimed at increasing public support for his proposed roll backs of the state’s tax structure for producers.
Parnell claims the changes are needed to encourage investment by producers in Alaska, and he rallied support among the 700 or so industry advocates and others who showed up at the Dena'ina Center Wednesday.
But not everyone sees it that way.
Gara says the state should only give tax breaks to companies that use the money to explore in Alaska.
The Governor claims history is on his side, and insists that history shows lower taxes mean more investment.
Meanwhile, in Juneau, Senate President Gary Stevens, a Republican, says he doesn’t believe the governor’s tax change bill has been fully explained and doubts it will see a vote on the full Senate floor this session.
For his part, Governor Parnell says with just 18 days left in the Legislative session, there is still time to make the changes, and claims if they don’t work, the tax structure could be re-tooled in four years.
Most agree, with fewer barrels of oil coming down the Trans Alaska Pipeline each year, the state’s future depends heavily on what is happening right now.