Senator Bill Wielechowski, a Democrat from Anchorage, has been a vocal critic of the state’s new oil tax structure. He says the law provides larger tax credits to oil companies as the price of oil declines.
Senator Cathy Giessel, a Republican from Anchorage, helped craft the new oil tax law. She says the tax structure is designed to bring in more revenue at lower oil prices than the previous law, ACES.
Listen for the full interviews with Sen. Bill Wielechowski (D-Anchorage) and Sen. Cathy Giessel (R-Anchorage)