The central issue in the oil tax fight isn’t money. It’s political influence. – Anchorage Daily News
The history of Alaska’s oil and gas tax policy demonstrates the challenge for the state to maintain its meager share of the resource revenue appropriated by the industry. Alaska’s oil tax system favors the oil industry at the expense of Alaska’s oil and gas endowment, and the state has repeatedly tried to rectify this imbalance. The oil industry has strenuously — and sometimes, notoriously —…