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Governor Veto Blocks Gas Line Deal | Anchorage News
Description
The governor’s vetoing a gas line project again, despite the Legislature’s effort to grease the wheels with tax breaks for developers — a move that’s already squeezing local budgets. The compromise? A capped corporate tax on Glenfarne, only triggered if they profit — a modest 9.4%. But the governor and Glenfarne are calling it a death sentence. Think of it: would you turn down a $1 million job because you’d pay $94K in taxes? It’s a bizarre standoff — the Legislature wants to move forward, the governor’s blocking it over a tax that’s actually pretty reasonable.
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