French, Gara Collect Signatures for SB21 Repeal
Senator Hollis French, and Rep. Les Gara will be gathering signatures on the “Repeal the Oil Wealth Giveaway” referendum Friday, May 10th from 12-1pm at the Barnes and Noble on Northern Lights Blvd in Anchorage.
“Reversing the $1-2 billion giveaway will give us the chance to write a better law. Alaskans want a law that encourages production and does not take Alaska off the fiscal cliff,” said Representative Gara.
Democratic Legislators offered a tax solution that would have required investment in Alaska, and increased production from companies to qualify for tax breaks. The Republicans’ idea, SB 21, gives billions of dollars in tax breaks to the Big 3 oil companies with no requirement to invest in Alaska or produce more oil. It doesn’t take a rocket scientist, or a petroleum engineer to figure out what’s going on here.
“The immediate effects of SB 21 on education, public safety, and infrastructure will be felt by all Alaskans. As legislators we joined together to oppose this epic giveaway, now as private citizens we urge you to sign the referendum and stop the raiding of the Alaskan treasury,” said Senator French.
Fiscal notes attached to SB 21 have fluctuated and estimates about how much the giveaway will affect the treasury have varied. For a more in depth examination of this discussion link to Lisa Demer’s coverage in the Anchorage Daily News last month HERE.
“Having legislators engage in our effort as private citizens really underscores the threat to Alaska’s future posed by the oil wealth giveaway. We encourage all Alaskans to follow their example and get involved in our campaign,” said referendum co-sponsor and Alaska Constitutional delegate Vic Fischer.
Also visit www.repealtheoilgiveaway.org for more information.