Gov. Sean Parnell’s reasoning to cut oil taxes lacks substance. First he said we have been losing jobs, but when Department of Labor & Workforce Development found that to be false he searched for some other excuse.
He’s now concerned that oil production is declining.
Well, lowering taxes won’t change that, especially since ACES encourages new production. Let’s profit from record high taxes along with the oil companies while we have a chance.
We can invest our surpluses in developing our next big industry: renewable energy.