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newsMar 26, 20261:25

Alaska Senate Passes Oil Tax Hike

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Alaska Senate Passes Oil Tax Hike: A New Revenue Stream Amidst Budget Gaps

The Alaska Senate has approved an amendment to increase taxes on oil and gas companies, closing a corporate income tax loophole. Sponsored by Senator Forrest Dunbar, the change could generate over $100 million annually. Despite high oil prices due to the Iran War, lawmakers anticipate significant budget gaps for schools, roads, and public safety. Supporters argue its time for big oil to pay their fair share, while critics worry about potential industry harm without proper planning. The amendment passed eleven to eight, and the full bill twelve to seven, now heading back to the House for approval.

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Alaska Senate Passes Oil Tax Hike

Anchorage News Today | 2 Min News | The Daily News Now!

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Anchorage News Today | 2 Min News | The Daily News Now!Alaska Senate Passes Oil Tax Hike. Machine-transcribed; use the interactive transcript above to jump the player to any line.

The SAVE Act has sparked debate online and, in Alaska media, for mandating voter ID, but it goes further by requiring proof of citizenship like a birth. Certificate or passport for any updates to voter registration. This applies even to already registered and eligible voters. For instance, if someone moves to a new home, changes their name, or updates other details, they must provide documents matching their current name. In Alaska, where remote voting often involves mailed ballots, this adds hurdles during routine changes. Critics argue it could disenfranchise voters across parties by creating barriers, especially for those without easy access to such papers. Getting a passport costs $165, which some call an unconstitutional poll tax. Studies from groups like the Conservative Cato Institute show non-citizen voting is extremely rare, with caught cases leading to penalties. Members see it as a safeguard against fraud. As discussions continue in places like Anchorage, the balance between election security and

voter access remains a key flashpoint for lawmakers and communities alike. From your city, powered by AI, this is Anchorage News Today. I'm Corey with The Story.

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