Senate Passes Tax Bill With ANWR Provision

Senate Passes Tax Bill With ANWR Provision

center_img Sen. Murkowski stated on the Senate floor on Tuesday, that the provision will create thousands of jobs in Alaska and other states, and new wealth and security for the country through oil production. Sen. Murkowski (R-AK)”When you have small area with enormous potential, why would we continue to deny that opportunity?” The $1.5 trillion package will provide steep tax cuts for businesses and the wealthy and more modest cuts for middle- and low-income families. The area is believed to be the largest onshore oil prospect in North America, holding an estimated 10.4 billion barrels of conventional oil. The effort to open ANWR has the support of state leaders. Governor Bill Walker calling it a “bold move” and promising “the state will do everything it can to provide the infrastructure needed to responsibly access the 1002 section of ANWR.”last_img

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