Alaska Budget Surplus - How? Oil Company Windfall Tax - implemented by Palin!

[One of Many]

Holy hell you can't make this stuff up.

"John McCain and nearly every economist agrees that a windfall-profits tax on the oil industry would drive away investment, increase prices to consumers, and make Americans more dependent on foreign oil. If anyone wants to see that in microcosm, they only need look at Alaska. With the backing of Governor Sarah Palin, the state managed to drive away investment in development by hiking taxes on oil companies drilling on state lands:

Over the opposition of oil companies, Republican Gov. Sarah Palin and Alaska’s Legislature last year approved a major increase in taxes on the oil industry — a step that has generated stunning new wealth for the state as oil prices soared. …"

http://hotair.com/archives/2008/08/11/palin-backed-alaskan-windfall-profits-tax/

[OmmmSweetOmmm]

1. And your point is?

[OmmmSweetOmmm]

2. BTW.....ain't Socialism great?

:rofl:

[EC]

3. We went all over this in 08.. n/t

[Blue_In_AK]

4. ACES, "Alaska's Clear and Equitable Share"

was the idea of the Democrats in the legislature after the years of Frank Murkowski and Big Oil corruption. Sarah just went along because it made her look good and stuck a finger in the eye of Alaska's Republican Party establishment.

[Brickbat]

5. Yeah, it's amazing how those crippling taxes have stunted business and eaten up profits and pretty

much brought the giant wheels of commerce grinding to a halt...oh. Wait.

[applegrove]

6. If only Palin would have a press conference then we could ask her how she really

feels about taxes. But that will never happen. Not even if she were president.