State of Alaska secondary Archives: on Tax Reform


Lisa Murkowski: Got over $700 million of tax credits for a gas pipeline

KNOWLES: Knowles counts the proposed natural gas pipeline among Murkowski’s failures because he said he believes the recently approved federal incentive package didn’t go far enough. The government needs to offer a tax credit that kicks in at low prices, he said. “Without that provision, industry leaders and other participants say it’s going to be very difficult to collect the $20 billion necessary to provide the right kind of economic environment. I will continue to pursue that.”

MURKOWSKI: “We got over $700 million worth of tax credits to whoever is going to build this line. If you don’t think that’s an incentive that gets people to look at the project, you need to look again.” Another provision offers an 80 percent loan guarantee from the federal government. Other language streamlines permitting and judicial reviews. “We made it happen and it’s news that all Alaskans should be celebrating,” she said. “It’s real results; it’s not just talking about it.”

Source: [Xref Knowles] AK Senate Debate, in Daily News-Miner Oct 20, 2004

Lisa Murkowski: Federal tax cuts are a means to spur economic growth

Q. Is it appropriate to continue cutting taxes in the face of the nation’s growing deficit?

KNOWLES: The best way to fix our budget problems is to create jobs. I support permanent tax cuts for most wage earners but would roll back cuts for the top 1% who average $1 million a year or more. This would generate $194.5 billion that should be invested in infrastructure, health care for seniors, children and veterans, and education.

MURKOWSKI: Federal tax cuts are a means to spur economic growth. I firmly believe individuals know how to better spend their money than the government does. This means more private investment instead of inefficient government-run programs. In the long run, that leads to greater prosperity and a reduced deficit for the nation as a whole.

Source: [Xref Knowles] AK Senate Debate, Q&A by Daily News-Miner Oct 10, 2004

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Page last updated: Feb 11, 2018