0:54

Bill Wielechowski

37:15 - 38:10

"Saying that we don't need anything, we don't need any property tax breaks, to we need a billion dollars in property tax breaks. Saying that yes, we're willing to pay our share of corporate income taxes, to which would be $466 million, to we don't want to pay a penny of corporate income taxes even if we're making $5 billion in profits."

Saying that we don't need anything, we don't need any property tax breaks, to we need a billion dollars in property tax breaks. Saying that yes, we're willing to pay our share of corporate income taxes, to which would be $466 million, to we don't want to pay a penny of corporate income taxes even if we're making $5 billion in profits.
Speaker
Bill Wielechowski
Community
Alaska News

From the transcript

Saying that we don't need anything, we don't need any property tax breaks, to we need a billion dollars in property tax breaks. Saying that yes, we're willing to pay our share of corporate income taxes, to which would be $466 million, to we don't want to pay a penny of corporate income taxes even if we're making $5 billion in profits. To yes, we'll support solid project labor language, to basically completely eviscerating the project labor language, to testifying in front of the legislature that they can't envision a scenario where the state would have— would owe Glenfarn money, to us finding out that there are actually provisions in the contract where the state could owe them hundreds of millions of dollars if Glenfarn abandons the project or if they miss milestones, and we want to get the project back, which of course we would want to. We've got a billion dollars invested in it. So, uh, Yeah, we're not going to rubber stamp it.

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Cover image for article: Alaska Senate majority asks regulators to reconsider Enstar gas storage denial