A fight over a tax cut is morphing into a battle over Alaskansâ€˜ sense of themselves and of an energy-based economy that has long distinguished Alaska from the Lower 48.
Faced with steep declines in oil production, the traditional backbone of the state economy, Alaska Republicans approved in May a massive tax cut for oil companies to spur exploration and production, but some residents now say they want the money back.
A citizens group backed by Democrats submitted more than 50,000 signatures last week to place a repeal of Senate Bill 21 on the August 2014 primary ballot, calling the multibillion-dollar tax overhaul an â€œoil wealth giveaway.â€
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