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Politics : THE WHITE HOUSE

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To: GROUND ZERO™ who wrote (23219)	10/5/2008 3:31:24 AM
From: DuckTapeSunroof	Read Replies (1) of 25737

Re: "Governor Palin has negotiated a tough deal (against fierce opposition) to get an uncommonly favorable deal for Alaska on a gas pipeline. This is a mammoth project where even critics concede she picked a good team and managed the issue well. Against this actual executive success which entailed great political risk." IMO she did the right thing (best thing for Alaska's citizens) in the pipeline deal she pushed through. Even though it requires a huge subsidy payment from the taxpayers (to the Canadian company which was awarded the contract: Trans-Canada) to get the project rolling, and the other proposal that was before the taxpayers (the one headed-up by Exxon) required ZERO subsidy from the taxpayers, still I believe that she did the right thing... and that, over the long-run Alaska and the United States as a whole, will benefit more from this deal than they would have from what Exxon offered. But... a large part of 'why' in the long-run this Trans-Canada deal may prove to be more beneficial is that it forced a WINDFALL PROFITS TAX on the producing oil companies. (Which is something that McCain, at the national level, is SPECIFICALLY OPPOSED TO.) Over a fixed per-barrel sales price (around $52 a barrel I think...) the percent of the sales price that the State of Alaska receives in tax revenue from the big oil companies goes up --- which is why it's fair to characterize the new tax deal as a Windfall Profits Tax.... Naturally enough this is very popular with the citizens of Alaska (who receive annual revenue-sharing rebate checks sent to them by the State, based on the tax revenue the State receives from the oil tax...), but it is a position very much at variance with McCain's policies....

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