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SB 21 will bankrupt Alaska

Posted: May 1, 2013 - 4:42pm

I am extremely disappointed that the Legislature, including Sen. Peter Micciche and Rep. Paul Seaton, voted for Senate Bill 21, which reduces the income that Alaskans earn from our oil. This bill will reduce revenue by $4.5 billion at current oil prices without any guarantee of new oil production or jobs. SB 21 is an epic ripoff, and Kenai Peninsula residents will pay the price every time we hit a pothole or lose another teacher as a result of SB 21 bankrupting Alaska.

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