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Senate panel considers separating oil, gas taxation

Anchorage Daily News online -- JUNEAU -- A bill that would change Alaska's system of taxing oil and gas production together got its first hearing Tuesday, with consultants giving the Senate Finance Committee a rundown on the separation of the two.

Public testimony is set for later this week, with senators hoping to hear from Gov. Sean Parnell's administration as well.

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Submitted Mar 09, 2010 By: Nitewolf

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YLHandyman Champion Author Orange County Posts:4,594 Points:831,820 Joined:Feb 2008	Message Posted: Mar 9, 2010 8:17:20 PM Ignore YLHandyman Report Abuse If it costs more then it is probably headed to California.
PathfinderSC Champion Author South Carolina Posts:4,562 Points:858,720 Joined:Mar 2008	Message Posted: Mar 9, 2010 7:58:18 PM Ignore PathfinderSC Report Abuse A man and his money is soon separated.
jay4 Champion Author Colorado Springs Posts:5,792 Points:1,326,080 Joined:Apr 2006	Message Posted: Mar 9, 2010 7:47:58 PM Ignore jay4 Report Abuse dipstick1 writes: "One thing is for sure...they will find a way to get your money." But here the "they" is the poeple of Alaska who through txes and royaltiues is recovering their, I say again, THEIR resources which are being extracted and sold, ultimately, to us. Why shouldn't they?
cj003 Champion Author Michigan Posts:1,390 Points:979,725 Joined:Mar 2006	Message Posted: Mar 9, 2010 7:45:45 PM Ignore cj003 Report Abuse the goverment must have figured out a new way to get a few more $$$$$.
carefrey All-Star Author Orlando Posts:970 Points:219,055 Joined:Sep 2009	Message Posted: Mar 9, 2010 7:42:31 PM Ignore carefrey Report Abuse Who care's!
TRAIN RIDER Champion Author San Bernardino Posts:4,266 Points:1,795,140 Joined:Oct 2004	Message Posted: Mar 9, 2010 7:41:01 PM Ignore TRAIN RIDER Report Abuse WHY NOT TAX IT? EVERYTHING ELSE IS TAXED.
myambro Champion Author Sacramento Posts:1,134 Points:436,665 Joined:Mar 2005	Message Posted: Mar 9, 2010 7:37:29 PM Ignore myambro Report Abuse Folks, don't forget this is about the Alaska State Legislature not the US Congress.
heysailor Champion Author Pittsburgh Posts:4,655 Points:1,356,145 Joined:Mar 2006	Message Posted: Mar 9, 2010 7:37:22 PM Ignore heysailor Report Abuse Who cares?
honda0105 Champion Author Tallahassee Posts:10,754 Points:630,425 Joined:Nov 2008	Message Posted: Mar 9, 2010 7:35:15 PM Ignore honda0105 Report Abuse I guess the more it changes, the more it stays the same...
honda0105 Champion Author Tallahassee Posts:10,754 Points:630,425 Joined:Nov 2008	Message Posted: Mar 9, 2010 7:34:50 PM Ignore honda0105 Report Abuse this would be such a good time to revise state and federal spending and our overall bureaucracy, but too many folks benefit from turning a blind eye. And the little guys are paying the bill.
honda0105 Champion Author Tallahassee Posts:10,754 Points:630,425 Joined:Nov 2008	Message Posted: Mar 9, 2010 7:33:47 PM Ignore honda0105 Report Abuse the only two things that are certain in life: Taxes and Death. Seems to still hold true after all this time.
Dipstick1 Champion Author Amarillo Posts:5,125 Points:1,474,865 Joined:Jan 2006	Message Posted: Mar 9, 2010 7:29:16 PM Ignore Dipstick1 Report Abuse One thing is for sure...they will find a way to get your money.
cuddlie Rookie Author Arizona Posts:47 Points:61,495 Joined:Feb 2010	Message Posted: Mar 9, 2010 7:27:53 PM Ignore cuddlie Report Abuse Take my money.
RAC110 Champion Author Massachusetts Posts:2,353 Points:1,163,735 Joined:Mar 2003	Message Posted: Mar 9, 2010 7:23:27 PM Ignore RAC110 Report Abuse why not after all the senate has made a new law that says you have to pay for a salt water fishing license now
Romey08 Champion Author Virginia Posts:1,934 Points:569,375 Joined:Apr 2008	Message Posted: Mar 9, 2010 7:18:58 PM Ignore Romey08 Report Abuse more taxes need to pay for all the govt spending
DerHahn Champion Author Illinois Posts:8,111 Points:1,148,100 Joined:May 2004	Message Posted: Mar 9, 2010 7:18:56 PM Ignore DerHahn Report Abuse since when do they listen to the public. we don't slip money under the table for them. they only listen to the corporations that pay them millions of dollars.
fedex09 All-Star Author Missouri Posts:605 Points:656,035 Joined:Jan 2006	Message Posted: Mar 9, 2010 7:11:03 PM Ignore fedex09 Report Abuse I smell another tax increase.
snewwee Champion Author Detroit Posts:4,984 Points:1,013,130 Joined:Sep 2007	Message Posted: Mar 9, 2010 7:02:01 PM Ignore snewwee Report Abuse Separate them, then tax the heck out of both of them. Another government boondoggle.
jwduke1 Champion Author Iowa Posts:11,320 Points:2,220,410 Joined:Apr 2004	Message Posted: Mar 9, 2010 7:01:58 PM Ignore jwduke1 Report Abuse ChiKid, you summed it up, 100%!
ChiKid Champion Author Denver Posts:1,858 Points:517,520 Joined:Apr 2008	Message Posted: Mar 9, 2010 7:00:04 PM Ignore ChiKid Report Abuse I do not know why they want Public testimony, since they never listen to the public. They only listen to their biggest financial supports and lobbyists who give them other benefits.
ashishpa All-Star Author St. Louis Posts:733 Points:165,950 Joined:Feb 2010	Message Posted: Mar 9, 2010 6:53:26 PM Ignore ashishpa Report Abuse more taxes and more money for govt.
rfe330 All-Star Author Winston-Salem Posts:700 Points:229,275 Joined:Nov 2008	Message Posted: Mar 9, 2010 6:48:08 PM Ignore rfe330 Report Abuse The Gov is a rookie at screwing the consumer after the oil producers and refining cartels. [Edited by: rfe330 at 3/9/2010 6:48:31 PM EST]
arvo87 Champion Author New Mexico Posts:2,940 Points:584,615 Joined:Jul 2008	Message Posted: Mar 9, 2010 6:47:38 PM Ignore arvo87 Report Abuse If holding oil was taxed at a higher rate than refined gas, then refineries wouldn't hold on to crude because it would be more expensive... thus more gas, lower price
DellDude2 Champion Author Nashville Posts:3,989 Points:1,150,735 Joined:Aug 2005	Message Posted: Mar 9, 2010 6:47:19 PM Ignore DellDude2 Report Abuse Looks like the good news here is that Alaska may be getting a major natural gas pipeline to offset the reduced amount of oil being sent down the trans-Alaska pipeline.
paulydel Champion Author Delaware Posts:4,223 Points:466,730 Joined:Jan 2008	Message Posted: Mar 9, 2010 6:46:35 PM Ignore paulydel Report Abuse We get screwed no matter what.
plebe2001de Champion Author Delaware Posts:1,067 Points:218,915 Joined:Nov 2009	Message Posted: Mar 9, 2010 6:45:59 PM Ignore plebe2001de Report Abuse The way I read the article this is NOT a tax increase, they are separating the way oil is taxed from the way gas is taxed and it might actually be reducing the tax on gas companies.
rasprout Champion Author Tacoma Posts:1,511 Points:387,545 Joined:Jun 2009	Message Posted: Mar 9, 2010 6:41:43 PM Ignore rasprout Report Abuse Gotta love it. Let's figure new ways to raise taxes to EVERYONE, is that our current Congress and Obama's mantra?
DellMan Champion Author Omaha Posts:1,917 Points:442,925 Joined:Apr 2008	Message Posted: Mar 9, 2010 6:36:59 PM Ignore DellMan Report Abuse It makes since for the state to want to make up for lost revenue on the oil pipeline. The people who live in Alaska or who own property there will benefit from the revenue sharing the state has.
ShabbyPA Champion Author Pennsylvania Posts:1,089 Points:328,240 Joined:Nov 2007	Message Posted: Mar 9, 2010 6:22:48 PM Ignore ShabbyPA Report Abuse Thank Obama
humblepie Champion Author Toledo Posts:7,979 Points:1,395,180 Joined:Mar 2006	Message Posted: Mar 9, 2010 6:19:32 PM Ignore humblepie Report Abuse change is here, for sure remember in november !!!!!!!!
FranklinGasGuy Champion Author Nashville Posts:3,579 Points:704,285 Joined:Aug 2008	Message Posted: Mar 9, 2010 6:15:07 PM Ignore FranklinGasGuy Report Abuse Business' don't pay taxes, customers pay taxes. Business taxes, fees, .... are a cost of doing business. These cost are part of price for services and goods that a business sells. It was a cost in our family business'. Enjoy the taxes. The beast is never full.
camel1 Champion Author Minnesota Posts:3,790 Points:1,328,575 Joined:Jul 2006	Message Posted: Mar 9, 2010 6:14:48 PM Ignore camel1 Report Abuse Alaska taxes gas and oil production not refining. This increases the cost of gas and oil and we pay the tax but do not live in Alaska and get no benefit from the tax.
dollarwatcher Champion Author Wisconsin Posts:2,997 Points:561,800 Joined:Mar 2007	Message Posted: Mar 9, 2010 6:03:47 PM Ignore dollarwatcher Report Abuse Who's more greedy the oil co's or the government? BOTH ARE!!
MRED3 Champion Author Jacksonville Posts:2,250 Points:441,070 Joined:May 2009	Message Posted: Mar 9, 2010 5:59:59 PM Ignore MRED3 Report Abuse It`s all about taking our money from us.
nigelb Champion Author Virginia Posts:3,489 Points:526,475 Joined:Feb 2008	Message Posted: Mar 9, 2010 5:58:16 PM Ignore nigelb Report Abuse This is a tax on production but it will probably be passed on to the consumer.
afghaned Champion Author Hamilton Posts:4,353 Points:310,075 Joined:May 2004	Message Posted: Mar 9, 2010 5:54:08 PM Ignore afghaned Report Abuse Amazing how government will get their hand in our pockets one way or another!!!
playtimeCLE Champion Author Cleveland Posts:3,190 Points:592,735 Joined:Nov 2008	Message Posted: Mar 9, 2010 5:48:14 PM Ignore playtimeCLE Report Abuse Sounds like one more way to take more of our money.
Dancin Champion Author Toronto Posts:4,215 Points:1,781,450 Joined:Mar 2004	Message Posted: Mar 9, 2010 5:41:41 PM Ignore Dancin Report Abuse Alaska needs heating fuel. Taxing it, just raises costs to families and workers, hence, more demands for higher wages.