From an interesting piece in this morning’s News-Miner, it looks like the Parnell Administration is ready to offer some meaningful changes to the oil tax plan that was left on the table at the end of last year’s session.
Without seeing details yet, this could change the direction of the upcoming legislative session. For two years, opponents to the governor’s tax giveaway have argued that there is no guarantee of a return on the investment of $2-Billion a year in the oil industry. The governor did not hear that, choosing to focus on the partisan makeup of that opposition. Someone seems to have shown him the weakness in his plan. If the expectation is carried through in the bills, and if his legislative allies are sufficiently pliable, changes could happen fairly painlessly.