State losses on oil production tax credits spark debate on how and why

[Panich52]

The state expects to lose about $100 million on oil production taxes this year, a situation that has created consternation and confusion over whether it is caused by credits to companies that pay taxes or don't pay taxes. The answer is both.

 Alaska Dispatch:

http://www.adn.com/article/20150127/state-losses-oil-production-tax-credits-spark-debate-how-and-why


Seems Alaska and West Virginia have a similar problem: an economy based on extraction industries. Sad part is that both have so much more to offer, more job opportunities than those from businesses whose actions threaten those other options.