Brennan: Forget about raising oil taxes

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Here is an important message for Sen. Bill Wielechowski and any other citizens who think Alaska should raise oil taxes to deal with the state’s fiscal crisis: Forget About It.

We would be stealing from our children, our grandchildren and all those who come after us.

Alaska made deals with the oil industry and agreed to a certain level of royalties and taxes, and the revenues from those have paid our bills for 50 years and more. Reneging on those commitments would send a signal that Alaskans can’t be trusted and will break their deals when things get tough.

There are many obvious problems with such behavior; the most important is the negative impact it would have on our partners. And that, in turn, would affect business decisions that are yet to be made, decisions on which Alaska’s future very much depends.

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