Alaska needs lower taxes more than the producers do

Anchorage Daily Planet
By Tom Brennan

Alaska needs reduced oil taxes even more than industry does.

The problem is that, without tax relief, North Slope production will continue its nosedive and tax revenues will sooner or later be too low to cover the state’s outsize spending habits.

That would require Alaska’s political leaders to choose between slashing the state budget to something affordable with drastically lower revenues and cracking the state’s piggy banks.
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