A Lower 48 study about tax rates and the impact on oil wells drilled within 5 miles or 10 miles of a state line is hardly a solid foundation for a reasonable review of Ballot Measure No. 1, but the oil industry is making that claim.
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Ballot Measure No. 1, at today’s oil prices, will have a limited impact on taxes. Its most important feature, given current conditions, is to raise the minimum tax from 4 percent to 10 percent. That is a reasonable increase. And any fiscal plan that works for Alaska has to include an oil tax increase.
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.Nearly all of the money fighting the initiative is from four companies, but OneAlaska markets itself as a mom and pop enterprise created only to unify Alaskans and support their jobs, with no interest at all in what benefits corporate leaders in Houston and major stockholders who could never find Alaska on a map.
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The former governor and the former senator have only given $250 each to the opposition to Ballot Measure No 2, but they allowed false radio ads to be broadcast for weeks claiming they were two of the big money men behind the opposition.
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Four years ago on Oct. 8, Sen. Dan Sullivan said he withdrew his support for Donald Trump after the “reprehensible revelations” on the Access Hollywood tape demonstrated that Trump couldn’t lead by example in fighting sexual assault and domestic violence.
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Hidden beneath the tens of millions the oil companies are dumping into their propaganda campaign is another fact: North Slope oil production today is almost exactly what the state predicted in 2011 under the ACES tax system—486,000 barrels a day.
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In announcing the discovery of a brand new “principle” to advance a GOP nominee before the election, Sullivan has abandoned the central tenet of his old “principle,” that an election about the control of the White House, the Senate and the Supreme Court is near at hand and the Senate should wait to see the election results.
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Sean Parnell and former Sen. Mark Begich should come clean with Alaskans and announce that they want their names removed from the false ad disclaimer in the ads fighting the election reform initiative.
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“And while Tandem Motion’s website touts its experience in the private sector (and only mentions one employee, Cara Griffith), there is no evidence it has performed any projects as a prime contractor for any local, state, or federal government entity,” a global consulting firm said in its protest of the Tandem Motion state contract.
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“I’m not commenting. I didn’t see the debate,” Sen. Dan Sullivan said to a CNN reporter. when asked about Trump’s refusal to denounce white supremacists.