[Dead Corpse]

The measure replaces legislation passed in 2006, called the "Petroleum Profits Tax," that many Alaskans believe was clouded by a corruption scandal that has engulfed the state's largest oil services company and resulted in the conviction of three former legislators as part of a widening federal bribery probe.
"We have revisited a tainted oil tax system called PPT. We have fixed it," the Republican governor said at Wednesday's signing ceremony, held at an Anchorage vocational school.

From the very first source. If you can't do better than that, I'm not wasting my time.

http://carywesberry.blogtownhall.com/2008/08/31/the_facts_on_gov_sarah_palins_oil_tax_in_alaska_-_reversing_corruption.thtml

[roamer_1]

From your link:

• 25 percent tax on net profits, or the value of the oil minus operating expenses and pipeline and tanker charges. That compares with the 22.5 percent Petroleum Profits Tax passed in 2006. The tax rate rises when oil prices are high.

There's a pretty weak confession of the truth- a windfall profits tax. There is no defense for it. It is the same thing the Democrats want to do nation wide.

There are none so blind as those who will not see.