Posted on 08/31/2008 2:12:48 AM PDT by Halfmanhalfamazing
Republicans in Congress this June united to defeat a proposed windfall tax on oil companies, deriding it as a bad idea that would discourage investment in U.S. oil exploration. Things worked out far differently in the GOP stronghold of Alaska, a state whose economic fate is closely tied to the oil industry. 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.
(Excerpt) Read more at seattletimes.nwsource.com ...
Nowhere in the article does the word 'severance' appear, despite the fact that these are severance taxes.
If you'll notice, this hit piece was put out before her veep pick, but her name has been out there for weeks.
Also, if you'll notice, the drive bys are consumed with 'she raised taxes, she raised taxes' and they're all out there panting like puppies.
This is the anatomy of a drive by hit.
http://www.cato-at-liberty.org/2008/08/29/palin-uninspiring-tax-policy-record/
This appears to be a more balanced, and is clearly more honest, critique of the tax plan.
Can you explain what is meant by a severance tax?
Well, whatever. The point is, Republican Gov. Palin did what the Republican Party opposed. I am sure this will not be the last epiphany.
It's basically a royalty payment to the state.
Thanks.
it is something I honestly don’t get.
a tax is a tax. even increasing fees, which are somewhat voluntary, shows that you’re just not creative enough about reducing the size of govt.
http://www.thefreedictionary.com/severance+tax
-—————A tax imposed by a state on the extraction of natural resources, such as oil, coal, or gas, that will be used in other states.——————
If you wanted to get down to technicality, this is a “real” tax, as opposed to something like cap and trade or the death tax which is nothing but government overstepping it’s bounds.
She may have gone against the party.(So what?)
But I don’t see how that gives the media a wild card to lie.
She doesn’t support the windfall profits tax. And she did not support one in her own state. That is media reality.
What do you mean?
She may have gone against the party.(So what?)
it’s going against conservative principles. Even though Mccain didn’t agree with every tax cut Bush proposed, he still never supported any tax increase.
she raised taxes 1.5 billion. And that hurt companies. Not exactly the pro-growth policy we need.
A royalty is not exactly a tax; this sounds more like the gov has the land and lets the corporation drill and extract in exchange for a cut.
My wife and three boys got these Permanent Dividend Fund checks for the five years we lived in Alaska. I was ineligible because I was in the Army. We were in Alaska from 1982 (The year senior point guard, Sarah "Barracuda" Heath lead her high school basketball team to the state championship) until 1987. Angel needs to get with the program and maybe do a little research and leg work on his own instead of just relying on DNC talking points to fill out his articles.
what does this mean?
She has DONE what part of obamas platform proposes.
Whether perceived or done, this will shift business perception but greater this will shift voters.
It now casts Mccain and his choice into a different spotlight.
Mainly her though. Squashes the pro obama on job experience, capability, skill, knowledge, and whats good for the people.
SHE has DONE what they are talking about...which will open a lot of votes both sides.
“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.
^^^^^^^it’s going against conservative principles.^^^^^^^^^
Severance taxes to my knowledge is/are one of the few types of taxes which are capitalistic in nature.
^^^^^^^^^^^Even though Mccain didn’t agree with every tax cut Bush proposed, he still never supported any tax increase.^^^^^^^^^^^^
That is factually incorrect. He supports cap and trade and has blatantly said that if elected, he will enact a cap and trade system.
That is pure socialism.
Agreed. The increased tax stopped production of a new diesel refinery.
There’s no denying the reality. My main point is to show you how the media plan to attack her.
As usual, they arm themselves with dishonesty.
Yeah, that’s the basis for severance taxes being more capitalist in nature. However, it doesn’t matter. Jack those taxes up too high and it becomes ‘more of the same’.
But with all that said, take note of at least one way the media plan to attack SP.
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