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State: Don't blame revenue drop on SB 21

...may well have boomeranged.A "progressivity" formula in the current law, known as ACES, ratchets up tax rates on oil profits sharply when prices rise. But it works the other way too. When oil values fall, the tax rate falls fast, and so...
Alaskans deserve fair share of oil revenue

...this year. The truth is that achieving both goals is complex, and if we want strong production and a fair share of oil profits so we can fund our schools, roads, public safety and savings, we need to put aside the sound bites of campaign season...
What others say: PFD shouldn't be guaranteed

...would guarantee residents continue getting their share of oil profits now and long into the future - that we can get behind...purposes.As Alaskans, we like getting our share of oil profits. But we also like not paying a state income tax. In...
Voters take up oil tax debate before August referendum

...voter turnout, coordinated the debate.Gara opened his remarks by calling SB 21, which lowered the state's take of oil profits at high prices, a "pathway to poverty" for Alaska. He said repealing SB 21 and going back to ACES, the progressive...
Oil tax credits could help pay down retirement liability

Unused oil profits tax credits could be a source of revenue to help the state of Alaska reduce the unfunded liability to its public employee and teacher...
Representative responds to oil tax debate criticism

...promote a state giveaway to Exxon, British Petroleum and other companies that have reaped over $20 billion in Alaska oil profits since our new oil tax and investment incentive law, ACES, was passed in 2007. The very law that, according to a...
Fed money stabilizes state finances

...Equitable Share Act, passed under the leadership of former Gov. Sarah Palin, with getting the state a fair share of its oil profits as its passage coincided with the run up in oil prices. The Alaska Oil and Gas Association disputed that, saying ACES...
Kenai dipnetters should get free ride to fish

...Alaska operates on the idea that the state?s natural resources belong to all residents. We all get a share of oil profits in the form of the permanent fund dividend, though most of us don?t live with oil rigs in our backyards. Everyone...


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