Deep cuts in state budget
By John Suter
May 26, 2015
We see in the news every day about how the legislature is working on deep cut backs for fire, police, road maintenance, schools and all the other state departments. However, there is no mention of cut backs on the state giving hundreds of millions of dollars to the oil companies in tax credits. They have special exemptions from cut backs. What’s up with that? How come they don’t have to have deep cut backs like all of the state’s departments do?
Perhaps if the state did not give so many hundreds of millions of dollars to the oil companies in tax credits, then the state would not have to have such deep cut backs in the state budget. I wonder why the state legislature does not consider that option. If the legislature gave cut backs to the oil companies by trimming the tax credits they receive from the state, they will still make hundreds of millions of dollars per year in profit from the state’s oil.
The rich and powerful in the lower 48 who own the stocks of these oil companies are the ones who can most easily afford some cut backs. They can afford these cut backs a lot easier, than say Alaska’s schools. How come Alaska’s schools can’t have exemptions from the states cut backs like the oil companies get? Shouldn’t Alaska’s schools get the same deal as the stock holders of the oil companies get from the state and be fully funded?
Received May 22, 2015 - Published May 26, 2015
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