During the regular session, Alabama Democratic Party Chair Joe Turnham called on Democrats and Republicans alike to support the bill sponsored by Democrat John Knight that would tax oil and gas based upon gross value at the point of production. Joe believes companies like ExxonMobil need to pay their fair share of taxes just like Alabama consumers have been doing for years. With record profits being reported by the giant oil companies and with Alabama citizens, truckers and small business owners being hammered by record gas prices at the pump, the Knight bill made sense because it simply required corporate responsibility.
Joe was correct in saying that revenue from big oil and gas interests should be used to fund programs such as children’s health care, Medicaid programs, veterans’ care, roads and bridges, and corrections. Joe referred in his media statement to the Supreme Court’s overturning two different jury awards against ExxonMobil and to the company’s subsequent attempts to receive tax refunds from Alabama citizens. Joe saluted Rep. Knight for attempting to rectify what he described as an “awful situation” and for trying to restore accountability of big oil to Alabama taxpayers. It appears that the Democratic leadership in the House could have pushed this legislation through, but they let the Republicans outsmart them. Hopefully, they will get a chance to make amends and soon.
Source: Alabama Democratic Party
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