Governor Sarah Palin Blasts Obama on "Windfall Profits Tax"

The office of Sarah Palin via Draft Sarah Palin for V.P. ^ | 8-14-08 | Adam Brickley

[TitansAFC]

....“Windfall profits taxes alone prevent additional investment in domestic production. Without new supplies from American reserves, our dependency and addiction to foreign sources of oil will continue,” Governor Palin said.....

http://palinforvp.blogspot.com/2008/08/palin-blasted-obama-on-windfall-profits.html

[TitansAFC]

For those of you who read the poorly-researched Seattle Times' story claiming that Gov. Palin is a supporter of "windfall profits taxes" on oil companies, I wanted to offer proof that nothing could be further from the truth. The following is a quote from a recent press release from Gov. Palin's office (in which she thanked Barack Obama for finally admitting that tapping Alaskan resources could be a good thing).

The Governor did question the means to pay for Obama’s proposed rebate — a windfall profits tax on oil companies. In Alaska, the state’s resource valuation system, ACES, provides strong incentives for companies to re-invest their profits in new production.

“Windfall profits taxes alone prevent additional investment in domestic production. Without new supplies from American reserves, our dependency and addiction to foreign sources of oil will continue,” Governor Palin said.

I will be posting more on this tomorrow, but if you want the real facts about Gov. Palin's tax policy, there is a massive amount of information provided on her website.

[papasmurf]

Palin for VeeP bookmark.

[chaos_5]

I thought it sounded wrong that she supported “windfall profits taxes”. Thanks for posting this.

[TitansAFC]

[chaos_5]

[Jeff Head]

CHOOSING THE NEXT PRESIDENT OF THE UNITED STATES




NOBAMA MOVEMENT SPREADS ACROSS THE NATION

[Gamecock]

Posturing for a new job in Washington?

[Devilinbaggypants]

Hmmmm...wasn't I believe there was an article posted here just the other day about the state of Alaska imposing a larger tax on the oil companies giving every single Alaskan and extra $1200 on top of the $2000 they get every year. If she's not for windfall profit taxes then how did the state manage to enact the additional tax this year...just curious.

[Fintan]

 

Y'know, she's kinda cute.

[Hoodat]

We now know who would be the perfect VP candidate for Obama:

Jimmy Carter

[sageb1]

Thanks! I’ll put this on her facebook support site.

[TitansAFC]

Why not? He’s running for Carter’s second term anyway.

[JZelle]

I was going to ask the same thing.

[djsherin]

Governor Sarah Palin Blasts Obama on “Windfall Profits Tax”

Should be:

Anyone Capable of Thought with Any Economic Experience Blasts Obama on “Windfall Profits Tax”

[KarlInOhio]

Hmmmm...wasn't I believe there was an article posted here just the other day about the state of Alaska imposing a larger tax on the oil companies giving every single Alaskan and extra $1200 on top of the $2000 they get every year. If she's not for windfall profit taxes then how did the state manage to enact the additional tax this year...just curious.

Does anyone know what is the current royalty the oil companies pay to the state for Alaskan oil? Does it automatically adjust to the world price of oil?

I like Alaska's attitude that the oil belongs to the people of Alaska, and if the oil companies pump it they have to pay for it, which gives enough to run (largely? completely?) the state government along with distributing a check to every resident. This might just be getting the payment more in line with the increased value of the oil in the ground.

[Publius6961]

BUMP

[Devilinbaggypants]

Here’s the previous article...

http://boortz.com/nuze/index.html

Pretty clear that they’re calling it a wind fall profit tax.

[Devilinbaggypants]

Here’s a previous article....

http://boortz.com/nuze/index.html

Seems pretty clear they’re calling a windfall profit tax.

[businessprofessor]

Hmmmm...wasn't I believe there was an article posted here just the other day about the state of Alaska imposing a larger tax on the oil companies giving every single Alaskan and extra $1200 on top of the $2000 they get every year. If she's not for windfall profit taxes then how did the state manage to enact the additional tax this year...just curious.

The Alaska tax seems similar to a windfall profits tax although it has a different name. I do not believe that the tax depends on the level of profits. I believe the tax is assessed on production levels.

I am not sure that the impact of the tax is much different than a windfall profits tax. Regardless of its impact, I am uncomfortable with the Alaska oil tax. The tax effectively makes Alaskan residents partners in the energy business when residents have no investment in these ventures. This tax (and the rat proposed windfall profits tax) are just legalized theft and destruction of property rights. I am sure that this tax is very popular in Alaska. Alaskans are just exporting the cost of their government to the other states with this tax.

I think that Sarah Palin would make a good VP choice but she will be dogged by this Alaska oil tax. I am not sure that the Alaska oil tax will be a significant issue in the election so I do not oppose choosing her because of her support for this tax.

[Hazwaste]

Wow, how many threads have been spammed with that posting?