A high-stakes political fight is being waged over whether to cut oil production taxes, an issue that could determine whether the trans-Alaska pipeline keeps pumping billions of dollars into the state. On one side are Gov. Sean Parnell, top House Republicans and the oil industry, who argue that the current tax structure stifles investment. On the other are House Democrats and leading senators, who say tax incentives could cost $2 billion a year and give Alaska little in return.
More »