Common Dreams NewsCenter

We Can't Do It Without You!

Home | About Us | Donate | Signup | Archives | Search

Home > Progressive Community > NewsWire > For Immediate Release
Printer Friendly Version E-Mail This Article
Internet Product Development Group

JULY 12, 2006
9:43 AM

CONTACT: Internet Product Development Group 
David Rothstein, 202-318-8905

White House Pressures Alaska Legislature to Accept New Oil Tax/Gas Pipeline Deal; Would Transfer Billions to Oil Companies

WASHINGTON - July 12 - In a little noticed, but extraordinary show of political pressure, President Bush, Vice President Cheney, Energy Secretary Bodman, and the Federal Energy Regulatory Agency have all personally intervened with the Alaska Legislature, pushing them to accept an oil company deal that would net the companies hundreds of billions of dollars. The deal is being championed by Alaska Gov. Frank Murkowski in a special legislative session that opens today.

In regular session the Republican-controlled Legislature refused to approve the package. Two opponents of Murkowski's in the GOP gubernatorial primary are opposed to the deal as is the Republican speaker of the House and most Democratic members.

The deal would change the way Alaska taxes oil from a gross production tax, which all other states impose, to a net profit tax, which only a few third world countries have agreed to. The deal would also freeze the tax rate for 30 years for oil production and 45 years for gas production.

The Internet Product Development Group's U.S. Politics Today is following these developments with hourly updates during the session. See:




About U.S. Politics Today,

About the IPD Group, Inc.,


Printer Friendly Version E-Mail This Article
Common Dreams NewsCenter is a non-profit news service
providing breaking news and views for the Progressive Community.

The press release posted here has been provided to Common Dreams NewsWire by one of the many progressive organizations who make up America's Progressive Community. If you wish to comment on this press release or would like more information, please contact the organization directly.
*all times Eastern US (GMT-5:00)

Making News?
Read our Guidelines for Submitting News Releases is an Internet-based progressive news and grassroots activism organization, founded in 1997.
We are a nonprofit, progressive, independent and nonpartisan organization.

Home | About Us | Donate | Signup | Archives | Search

To inform. To inspire. To ignite change for the common good.