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Forum Post: Firing back, Democrats say oil tax cut 'creates an Alaska fiscal cliff'

Posted 5 years ago on Jan. 17, 2013, 10:29 a.m. EST by GirlFriday (17435)
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"Lobbyists for the Big Three oil companies couldn't have written a better bill for themselves," said Sen. Bill Wielechowski, D-Anchorage, referring to the state's largest producers, BP, ConocoPhillips and Exxon Mobil Corp. "I think it's the worst bill he's introduced."

"It creates an Alaska fiscal cliff," added Rep. Les Gara, D-Anchorage. "It massively reduces taxes on the Big Three and doesn’t require them to spend their tax breaks in Alaska."

The bill would reduce state income by $900 million in 2014, $550 million in 2015, $800 million in 2016, and $1 billion between 2017 and 2019, according to a fiscal note prepared by the Department of Revenue.

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[-] 1 points by DKAtoday (33496) from Coon Rapids, MN 5 years ago

Hhmmmm now why the hell does that sound so - Familiar???

Shrub something? Why do I keep thinking about the name Alec or even koch - no koch is not the real thing - well unless of course you are thinking of murder or suicide or poisoning or something................

[-] 1 points by OTP (-203) from Tampa, FL 5 years ago

Not surprising. Congress couldnt even get a stoppage of the subsidies to the companies through.

They dont pay any taxes. And then they say Fuck Off to the people, "We are going to take your money too".

The oil companies literally tax the people. How fucked up is that?