Dear KEEP Supporter,
This is an extremely difficult time for Alaska, our nation and our world. The impact of the coronavirus has already been devastating to many of us personally and to our state economically.
Alaska’s economic foundation is threatened by events over which we have little to no control. Oil prices have cratered due to Saudi Arabia and Russia flooding the world market with cheap oil, causing Alaskan oil to fall to its lowest level in two decades. The stock market has dropped significantly. We may lose all or most of this year’s visitor and fishing seasons.
Governor Dunleavy, Legislators and other elected officials have moved quickly to protect individual Alaskans and to stabilize the economy. Unfortunately, there is little they can do to stop the one threat over which Alaskans do have control: an ill-advised, dangerous, oil tax ballot measure.
The backers of this ballot measure gathered the required signatures by misleading Alaskans. Now it’s up to us to defend ourselves and our future against them and their crippling oil tax measure by educating ourselves with the REAL facts.
Here is what’s at stake: 75% of state tax revenues, over 77,000 jobs in Alaska, and $24 billion in new North Slope projects that can put hundreds of thousands of new barrels in the pipeline each day.
Roger Marks, an independent economist, says the ballot measure will increase taxes on oil companies by 150% to 300%, depending on the price of oil. There could not be a worse time for such a massive tax on the oil industry. A tax increase of this magnitude will drive the capital Alaska so badly needs to other oil provinces around the world.
At a time when Alaskans’ focus is on protecting their health and the health of their families, their jobs and their communities, KEEP Alaska Competitive will continue to do our part. We will share the facts and tools you need to defend Alaska and its future against this egregious oil tax ballot measure through our social media platform. And when the time is right, we hope to have the opportunity to meet with you in person regarding this critical issue. For now, if you have a moment, look for us on Facebook or visit our website, KEEPAlaskaCompetitive.com.
Respectfully,
Jim Jansen & Joe Schierhorn, Co-Chairs KEEP Alaska Competitive
If you have any questions or comments, please contact KEEP at (907) 569-7070 or send an email to [email protected]
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