State of Alaska secondary Archives: on Corporations


Lisa Murkowski: Want to have the Exxon Valdez issue behind us

KNOWLES: Exxon, Knowles said, is getting a $6.5 billion tax break from the recent corporate tax bill, the same bill that carried two of the gas line incentives. The new law reduces the tax rate on income held in offshore accounts if companies bring the money back to the US. "They got the award by just following Woody Allen's law of 95 percent of life is just being there," Knowles said. To not attach some provision requiring payment of the punitive damages to Alaska's 20,000 fishermen harmed by the spill "is unconscionable," he said.

MURKOWSKI: "You know, we all want to have the Exxon Valdez issue behind us," Murkowski responded. "We have waited far too long." But the legislative branch of government should not cut off judicial proceedings, she said. "What happens next, who else do we cut off?" she asked.

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

Lisa Murkowski: Exxon would not benefit from a $6.5 billion tax break at all

KNOWLES: The candidates erupted into a brief but tense exchange when Knowles again pounded on Murkowski for supporting recent legislation passed by Congress that he says amounts to a $6.5 billion tax break for Exxon Mobil. Knowles has repeatedly said Murkowski should have demanded the condition that Exxon pay $4.5 billion in punitive damages to thousands of fishermen affected by the 1989 Exxon Valdez oil spill in Alaska's Prince William Sound.

MURKOWSKI: Murkowski reminded Knowles that Exxon has said the company would not benefit at all, but Knowles refused to back down. "Exxon can say whatever it wants," he said. "All you have to do is do the math. and you have $6.5 billion. That is a giveaway with no strings attached." Murkowski said that number was pure fabrication. Earlier Thursday, she wrote a letter to Knowles, demanding that he start "telling the truth" in the final days before the election.

Source: [Xref Knowles] AK Senate Debate in Daily News-Miner Oct 29, 2004

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