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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?


To: Snowshoe who wrote (266703)9/7/2008 7:46:20 PM
From: Snowshoe  Read Replies (3) | Respond to of 793927
 
What Palin Really Did To the Oil Industry
online.wsj.com

Oil companies in Alaska are paying more money in taxes than ever before. The state's oil and gas tax revenues for its just-ended fiscal 2007 topped $10 billion. That's twice as much as fiscal 2006 and four times more than 2004.

Some supporters of Barack Obama see that money coming in and say that John McCain's running mate, Alaska Gov. Sarah Palin, must have done what Sen. Obama wants to do -- sock those companies with a big fat windfall profit tax. This is a deeply misleading reading of her 2007 tax reform.