Will an Alaskan Tax Hike Make the Oil Crisis Worse?
A full moon helps illuminate the Alaskan pipeline under the faint glow of the Aurora Borealis near Milne Point, Alaska, in a file photo. Greg A. Syverson/Getty Images
As Americans grapple with painful prices at the pump amidst a global oil crisis, some Alaskan lawmakers seem intent on making that pain even worse. The 49th state is debating a tax increase on certain oil and gas companies, a measure that will make energy even more expensive and chill investment.
E.J. Antoni, PhD is the is the Acting Director for the Thomas A. Roe Institute for Economic Policy Studies and Grover M. Hermann Center for the Federal Budget, and Richard Aster Fellow at The Heritage Foundation.
