UPDATE: Another great (and detailed) refutation of this story has been posted by Bulletproof Diction.
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.