To: steve-b
There are good reasons for an oil-rich state to tax oil production, but a fiscal conservative would usually use any tax increase to reduce taxes elsewhere.
Those $1,200 tax rebate checks constitute a pretty serious (though one time) tax cut. Severance taxes are more like user fees. The oil companies are taking a resource out of ground that they don't own . . . fine. It is not unreasonable to get a fair value for it.
4 posted on
09/04/2008 7:06:41 AM PDT by
Dr. Sivana
(There is no salvation in politics)
To: Dr. Sivana
Those $1,200 tax rebate checks constitute a pretty serious (though one time) tax cut
By taking lease revenue from the oil companies and giving it to the citizens, its not a tax cut. Its a wealth transfer. The citizens of Alaska have given up private property rights for $1200 by allowing the government to own the land and sell those leases instead of private citizens.
124 posted on
09/04/2008 10:43:42 AM PDT by
waverna
To: Dr. Sivana
The best tax break she could give us is the one we already have: No State personal income tax.
145 posted on
09/04/2008 4:37:22 PM PDT by
redhead
(That sucking sound? It's Sarah Palin, sucking the air out of Obama's campaign)
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