text: I sure hope the low info source GOP hard core can follow the logic here.  Giving big tax breaks to the "employers" with the hope they will employ more people and thereby increase tax revenues was first called: "Laffer curve", then Reaganomics, then Bushonomics.  This tax policy has never worked.  SB-21 is this type of policy. Giving huge tax breaks to the oil companies and cutting government services by 25% or more is self defeating. In the ideal world, not taxing the employers would stimulate the employers to hire more people therefore generating more national wealth.  But this is the REAL world, SB-21 gave incentives to small fry wildcaters to go for oil by taxpayers picking up 80% of their cost.  To pick up these costs, we have cut employment in the public sector, cut capital investment, cut the PDF dividend check and therefore put Alaska into a recession.  This has nothing to do with 50 buck oil, it's all about trading pie in sky tax benefits to oilcos for public sector spending.