FOR IMMEDIATE RELEASE: April 21st, 2015
Senate Democrats Urge Republican Majorities to Cut Outside Corporate Subsidies and Tax Credits Instead of Alaska’s Kids and Workers
Education, negotiated contracts should come first
JUNEAU – Two days past the voter mandated 90 day session limit, Senate Democrats are calling on the Republican-led House and Senate majorities to cut an additional $750 million in unneeded corporate tax credits for the oil and refining industries and use a small portion of those savings to fund education and negotiated employee contracts.
“We believe education is a constitutional obligation, not a hostage in a negotiation. Cut the credits, not the kids,” said Senator Berta Gardner (D-Anchorage).
With Alaska paying out $400 million more in oil tax credits than we receive in oil production taxes, the Senate Democrats attempted to amend the budget several weeks ago to reprioritize education and Alaskan workers over hundreds of millions of dollars in oil tax credits and refinery tax credits.
“We can save the state hundreds of millions more by cutting unnecessary corporate welfare, and at the same time fund education and honor our promises to our Troopers, Correction Officers and other working Alaskans,” stated Senator Bill Wielechowski (D-Anchorage).
For more information, contact Myer Hutchinson at (907) 957-8384.