Wow is right. We were promised more jobs, production, investment, revenue & growing PFD if we cut oil taxes. Instead jobs & investment down 50%, production down, state revenue down & PFD cut 75% to make up difference. Now they threaten to crash AK economy & violate consent decree
Wow. Yesterday, Hilcorp’s SVP for Alaska sent this email to the heads of all the Southcentral utilities and Marathon. It basically says that if this s-corp tax provision passes, their planned Cook Inlet investment of $1 billion over the next 5 years will be affected.
#akleg