Letter: Fiscal certainty works both ways

Ballot Measure 1, if approved by voters, would repeal SB21, legislation built on the idea of pumping more oil, not making Alaskans more money. Watch the ads a little closer ­— the actors are telling us to “give it time” and “wait and see.” It’s more like giving oil companies time to empty the wells at rock bottom prices, and then see them take the money and run.

 

The oil companies keep saying they need “fiscal certainty” in order to stay in Alaska. The day any of us are promised fiscal certainty for heating oil or at the gas pump is the day we talk about fiscal certainty at the oil well.

The multimillion-dollar ad campaign against Ballot Measure 1, funded solely by Exxon, BP and ConocoPhillips, is built on lies and deception. The truth is, there won’t be more money in the Permanent Fund. Our PFD’s will be much smaller under the new regime. SB 21 got rid of the windfall profit tax. When the price of oil is high, the oil companies get the windfall and we get a pittance.

There won’t be more state revenue either. The state’s own analysis says we would’ve lost over $8 billion in the last seven years if SB21 had been in place.

There won’t be more jobs for Alaskans. Over 50 percent of the workers on the Slope are outsiders. They don’t buy homes or pay property taxes in Alaska. Alaska hire is a broken promise.

I’m voting “yes” to repeal SB 21.

Patrice Parker

Anchorage

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