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Buckdodgers
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Alaskan lawmakers approved the first major overhaul of state oil taxes since the 1980s late Thursday night, just days after the discovery of corroded pipelines forced BP PLC to shut down Prudhoe Bay, the nation's largest oil field and the state's main source of revenue.
Amid anger on the part of Alaskans over the Prudhoe Bay shutdown, the new tax package substantially raised how much BP and its partners, ConocoPhillips and Exxon Mobil Corp., will pay on oil production in the state.
The tax legislation, which is expected to be signed by Gov. Frank Murkowski, sets a base taxation of 22.5%, a rate that increases when the price of oil is above $55 a barrel. The companies also will be able to take a substantial tax credit for the costs of new oil and gas development to encourage additional exploration and development of the North Slope's energy resources.
WSJ.com - Alaska Approves Revised Law Lifting Taxes for Oil Companies
Here goes MR Bush again Lifting Taxes for the Wealthy! CUT TAXES ON THE PUMP YOU MORON MR BUSH!!! Ever wonder why you cost your buddy
Joe Lieberman his Job last week? Voters Are getting Sick N tired of you cutting taxes for the wealthy instead of people like us.Keep it up mr president and youll see a lot more of your buddies out on the unemployment line looking for another job.
Amid anger on the part of Alaskans over the Prudhoe Bay shutdown, the new tax package substantially raised how much BP and its partners, ConocoPhillips and Exxon Mobil Corp., will pay on oil production in the state.
The tax legislation, which is expected to be signed by Gov. Frank Murkowski, sets a base taxation of 22.5%, a rate that increases when the price of oil is above $55 a barrel. The companies also will be able to take a substantial tax credit for the costs of new oil and gas development to encourage additional exploration and development of the North Slope's energy resources.
WSJ.com - Alaska Approves Revised Law Lifting Taxes for Oil Companies
Here goes MR Bush again Lifting Taxes for the Wealthy! CUT TAXES ON THE PUMP YOU MORON MR BUSH!!! Ever wonder why you cost your buddy
Joe Lieberman his Job last week? Voters Are getting Sick N tired of you cutting taxes for the wealthy instead of people like us.Keep it up mr president and youll see a lot more of your buddies out on the unemployment line looking for another job.