04/18/12 - 8:51am
Once again, oil taxes and special session. They’re fetched up hard aground in the Capitol because the Parnell Administration advocates a $2 billion a year oil tax cut to ACES and the Senate Bipartisan Majority suggests something more modest and targeted. Fundamentally, it’s a disagreement about tax rates, rather than revenue structure. It’s about money, not method. That’s too bad, because meaningful reform means moving to a more stable and less politicized revenue system, one that is contract-based, not tax-based.