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GasBuddy News Article

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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) Post a Reply
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jrs4125
Champion Author Indiana

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Message Posted: Apr 24, 2012 12:14:00 AM

Money talks and politicians listen.
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dave27johnson
Champion Author Chicago

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Message Posted: Apr 23, 2012 7:58:26 PM

Keep working on a better bill.
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Van_Halen
Champion Author Atlanta

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Message Posted: Apr 22, 2012 8:06:12 PM

.
Dah! Meet the new boss, same as the old boss!
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dorisntx
Champion Author Fort Worth

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Message Posted: Apr 22, 2012 2:13:39 PM

great
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MusicalMan7
All-Star Author Ohio

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Message Posted: Apr 22, 2012 2:05:07 PM

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.
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djwhit
Champion Author Ohio

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Message Posted: Apr 22, 2012 1:55:46 PM

NO MORE TAX's..........
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Meowmy
Champion Author Florida

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Message Posted: Apr 22, 2012 1:46:58 PM

DUUUUHHHHHH!!!!!! They don't want to give up any profits.
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kag2010
Champion Author Winnipeg

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Message Posted: Apr 22, 2012 12:55:34 PM

OK.
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cdrrod
Champion Author Wisconsin

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Message Posted: Apr 22, 2012 12:41:42 PM

Concur: it seems same-o, same-o!
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