Oil tax terms are all in the cards

Posted: Tuesday, October 30, 2007

I've been thinking lately about the governor's new plan to clear up, once and for all, the messy problem of taxing the oil companies for doing business in the great land. Why, I wonder, if we're so great, how come we have such a clunky phrase like "Alaska's Clear and Equitable Share," now acronymically known as ACES (or does ACES really mean "Alaska's Cards Equitably Stacked?")?

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If you had asked me, which anyone rarely does, I could have submitted quite a few, since being a magician, cards and the terms that relate to the pasteboards are things I think about all the time.

So here for your consideration are several ideas for the next time we're looking for a good acronym:

• CLUBS - Creative Liquidity Under Balanced Systems

• HEARTS - Historical Energy Assessment Return Tax Structure

• SPADES - State Petroleum Analysis Dependent on Energy Supplies

• DIAMONDS - Distributive Income Advancement for the Most Oil Net Dollars for the State

Whatever game we're playing now, perhaps it's time to shuffle along, cut the baloney, stop bluffing, table the question, flush out the naysayers, "dedeuce" what's the best straight deal for our state, with the agreement of both the full Senate and the full House, and run toward a solution, without gambling away our state's future. Perhaps we do need a few ACES up our sleeve.

I hope we can all think with a full deck.

Jeff Brown


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