ADN by Paul Jenkins. Of all the hogwash hustled by charlatans working to repeal oil tax fixes needed for Alaska's healthy
fiscal future, perhaps the most egregious is the claim that reform is a "giveaway" to the evil oil industry — anywhere from $2 billion to $8 billion, depending on the fibber. The Legislature this year passed Senate Bill 21 to spur slumping North Slope oil production and generate new tax revenue for Alaska, which relies on that money
to make ends meet. About 90 cents of every dollar the state spends comes from that revenue. (Scroll down for editorial)
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