A sales and/or income tax will only raise possibly 700M, enough to cover the tax credits we pay out to oil companies.

When the legislature was presented with the facts, they laughed at how little it would do to fix the budget crisis of their own making.

We must get our fair share of oil revenue, it is the only way.

From Robin Brena
https://www.adn.com/opinions/2016/10/01/alaska-needs-to-reclaim-its-fair-share-of-oil-revenue/

"1) The base rate for the major legacy fields and for harvesting behavior is insufficient.

(2) Credits are being politically gamed.

(3) Losses from the last method were carried forward.

(4) The definition of "new" oil is political sophistry.

(5) Progressivity is insufficient.

(6) Alaska is years behind in auditing the 55,000 lines of deductions currently being claimed"