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Oil tax break?

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Posted: Wednesday, September 26, 2012 12:13 am

Letter to the editor

Sept. 20, 2012

To the editor:

With our municipal and local elections coming up Oct. 2, I think it is wise for each of us to question the candidates about their stand on the huge $2 billion per year tax break our existing governor is pushing for the oil industry.

As a former employee for ConocoPhillips, I think we all know where the governor stands on this issue. A tax break of that magnitude, without any guarantee of a comparable amount being invested in exploration here in Alaska, is nothing but a free check for the oil industry to walk off with this money and put it to better use where they see fit.

This election could be disastrous for the majority of Republicans and Democrats who are working together to try to solve our problems through a bipartisan majority that supports reasonable oil tax reform, not a $2 billion-per-year tax giveaway to the oil companies.

If the candidates you are considering voting for support this giveaway, you may want to consider voting for someone else, or else get a commitment from those candidates to change their minds.

There has been a concerted effort by the oil industry to replace state legislators who have worked with this bipartisan majority with candidates more to their liking.

Watch out who you vote for. The greatest threat to our Alaska Permanent Fund dividend is not declining oil volume but declining revenue.

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