Fair share was the PFD that the Politicians stole. Now they want to steal more? No on any votes to steal more!
I will have to see if I can find what the percentage of increase is being pushed by the Fair Share Act and the math that justifies the amount.
If you realize the legacy oil properties have very little new costs per barrel, the wells are drilled, the pipeline is built, the real cost is the cost to maintain the supply. Those already established oil fields enjoyed the profits while oil was at record highs, when the oil fields were being developed they estimated a price per barrel at a possible high of $20.00 per barrel. It is at this time twice the estimated high! The oil companies and their lawyers are at work trying to convince the Alaskan voters they are going broke! That taxing them will make them leave Alaska! That is why they are spending tons of money on advertising to vote no! Yes their profit margins will go down, only on those legacy fields, oil fields that have already made them insane profits!
Here is the thing about the term FAIR share.
The implication is supposed to be that these corporations are breaking the law and not paying the full tax rate.
But the same law makers that levy the tax also create a tax credit or a tax exemption for a certain behavior.
So when the wrong company/industry legally apply these tax credits/exemptions for a lower tax burden the political class accuse the company/ industry of tax avoidance for legally applying said tax credit/ exemption.
You want true fairness
Get rid of all of the tax credits/ exemptions.
I am still voting no on 1.
I've got a great idea. Let's just put all the producers on fee-per-barrel contracts...... done. No more tax disputes. Up or down, in terms of price of crude, what you get is what you get. Doesn't get any more stable than that.
It is time for the state to DRASTICALLY reduce its spending.
Only DC spends more per capita than Alaska
Does anyone know how much Alaska paid oil companies to find oil everyone already knew was there?
Because ConocoPhillios is here to help Alaskans, not pillage.
And whatever happened to free markets economy, unfettered by excess government regulation, instead we get crony capitalism where Alaska is treated like a colony.
Fair share is a liberal term for give me all you got.
Let’s get Sarah Palin to explain Fair share!
Don’t buy into this. Vote no
If Seaton is involved my vote will definitely go the other way.
They always want “ more money”. Alaskans are smarter than this and the money grab scheme will be defeated!
The legislature so screwed up, the majority is out of control, they are not doing the right thing. Fire them all.
No on one!
That’s all they do is lie about everything
He about oil companies just go ahead and pull out of ak altogether. Let's see what they do then.
Companies are NOT here to pay for a govt that over spends and over bloats.
Who came up with the 300%?
Vote No don’t let the far left loony’s play word games to get your vote. The last time it was save the salmon now it’s our fair share.Every single voting year it’s something new to try and destroy alaska’s economy.
These are the same kind of lunatics driving companies and jobs away from other dem lead states. When they go, so do jobs. Jobs go, people go, people go..... hint...do some research about people just leaving ak in the 80s and just abandoning homes. No property taxes on those, foreclosures...etc..
"California" Seaton just won't go away!!!
Well heres a thing...whos entitled to that revenue...oil companies or Alaskans? We know where you stand.
For an Alaska business like Saltwater Safari, having a stable oil and gas industry is vital to your success. That's one of the many reasons Captain Bob Candopolous is going to Vote No on One, as he shares in this latest TV spot.
Personally, I would like the oil companies to pay more in taxes and let nature take a rest for a year. In the long term it will help Alaska become more of what it was and tourism should boom afterwards. The tax could help offset the loss of money from tourism (to a point) so people can live a somewhat normal life. Building a business on tourism is always risky. The virus has already hit the industry hard so this would make a great time to "Make Alaska Great Again."