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Monday, August 11, 2008

Palin blasted Obama on "windfall profits taxes"

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.


Anonymous said...

Here’s the reality of ACES after BP decided to drill Liberty oil field on federal land instead of state.

“If this were on state lands, it’s doubtful we’d have been able to move it forward,” Doug Suttles, BP Alaska’s president said. “Alaska is a very high-cost environment for the industry.”

You can try to spin it any way you want but the bottom line is, because of Palin’s massive corporate tax rates it doesn’t make investing on state land worthwhile.

Anonymous said...

First, you and your ilk charge that Alaska has a windfall profits tax. That clearly is not the case. What Alaska has is a tax structure indexed to oil prices. What an indexed structure does is address the profitability per barrel of oil.

By contrast, a windfall profits tax is a surcharge tax (in concept similar to a millionaire's tax) based upon a company's total profit.

So, whether you like it or you don't like it, you got the "it's a windfall profits tax" wrong.

Second, you go with the "it isn't worth investing in the state" line. Mind you, you quote a party who is quite interested in having the old school Alaska tax breaks regardless of the price of a barrel of oil and confuse words like "doubtful" with what is or under a real world test would be the case.

Look, we get it. You would have preferred that Alaska retain a system of tax benefits and give backs based upon a world of $50 per barrel oil. That's a personal preference.

That said, your idea that indexing a tax structure based upon the market price for a barrel of oil is some scandal or the equivalent of a windfall profits tax or somehow a disincentive to drill doesn't pass a basic smell test.

Anonymous said...


Anonymous said...


Anonymous said...

Yes, and if the business tax rate were 0%, there would be even more investment. I was learning economics while you were playing with dolls. I get the arguments, about why no taxes are better than taxes and why a flat tax rate is better than a progressive tax rate. If you want to say that the progressive rate is too high or not as good as a zero tax rate or a flat tax rate, then that's fine. My only objection with your "blah, blah, blah" routine is that somehow the idea of a business tax rate being indexed depending upon the price of a barrel of oil is some anti market idea or that this makes Palin a windfall profit taxer. In a world of progressive taxes, an indexed tax based upon the price of a barrel of oil is about the least unpleasant alternative imaginable and, again, represents anything but a windfall profits tax. Would the explanation be a little easier for you to follow if I included some pictures?

Jon said...

Good job to you guys for getting the word out on Palin. However, if you are going to be the face of the Palin movement you need to be MUCH faster on the draw. Hot Air has been all over her today, and whether we like it or not, they have a large say in what people read and think in the blogosphere.

Get on top of the message. Beat these people to the punch.

Palin is clearly the best candidate for VP and we need to do everything we can to get her to the top of the hill.

Anonymous said...

I agree with the last post. And if Palin herself, or McCain for that matter, has a desire to see her on the ticket, it would be a good idea to get her, or her surrogates, out there soon. It is frustrating to me that there was little to no real debate most of the day from Palin's side on the Hotair blog. Great debates and explanations occurred here (in fact, I personally learned a lot more about oil and taxes today on this blog than I may have wanted to know previously, but now appreciate).

Palin is no tax and spend liberal. Anyone claiming her to be so has some ax to grind, having to do with nasty old Alaskan dirt, or else has some other agenda.

The attacks that I see on other sites, and occasionally here, seem to bounce of her, not because she is "teflon", but because the attacks are so obviously silly and without good argument.

Anonymous said...


--------BREAKING NEWS---------

Text message just received from the Obama campaign:

As one of my loyal supporters I wanted you to be one of the first Americans to know my choice for Vice President of the United States. After careful consideration with all of my friends and advisers and taking into account all of your so many thoughtful suggestions and ideas on this subject I have asked Mr. O.J. Simpson of the state of Florida to serve as our nations next Vice President. I will place Mr. Simpson's name into nomination at the convention in Denver in two weeks and encourage all of my convention delegates to support his nomination.

I have chosen Mr. Simpson for a number of reasons:

First, Mr. Simpson's Ford Bronco will be the perfect escort vehicle to carry him into the Denver Bronco's Stadium and he has a proven ability to attract a large television audience whenever he is traveling in it.

Secondly, Mr. Simpson's joining me on the Democrat ticket, due to his celebrity status, will help distract all of the unwanted media attention from the Rev. Jeremiah Wright and every single one of those terrible statements he made about America that I never heard him say which I totally condemn.

Third, the main stream media, led by my three press secretaries (Charlie Gibson, Katie Couric, and Brian Williams) will no doubt conclude this to be one of the most brilliant and amazing picks ever by a presidential contender for a running mate.

Fourth, when John McCain makes his choice for his running mate known, again the mainstream media led by my three press secretaries will universally attack and condemn Mr. McCain's choice as being less sensitive on women's issues than Mr. Simpson.

Fifth, in the possible event that John McCain selects a woman to be his running mate, I have full confidence in Mr. Simpson's proven ability to totally slice up his opponent in the vice presidential debate to the point of leaving them speechless.

Sixth, Mr. Simpson's actions are in no way at conflict with the DC gun ban, the battle at the U.S. Supreme Court over the Second Amendment, the National Rifle Association, or James and Sarah Brady's anti-gun campaign, thus neutralizing the Republican attack machine on the gun control issue.

Seventh, unlike the problem recently that emerged with our most recent vice presidential nominee for 2004, Mr. Simpson has assured me, and our campaign has verified the fact through the vetting process, that at no time in the last fifteen years has Mr. Simpson committed even a single act of adultery.

Eighth, after a careful review of Mr. Simpson's qualifications, my main VP veter, Caroline Kennedy has determined that Mr. Simpson's actions make him no less qualified than her Uncle Senator Teddy Kennedy to serve as our vice president.

Ninth, Mr. Simpson will never ever be late for a flight on Air Force Two.

Thank you for supporting Obama for America

Anonymous said...

Dang! I had Bruce Springsteen in the Obama Veep pool.

Anonymous said...

Check out this article in Huffington Post, which is a critique of the female candidates for VEEP, focusing on personality and style. Remarkably, the writer gives Palin a very mediocre at best review. She is so off the mark, in her description of Palin, especially in relation to the others on the list, that I think she must never have actually seen her speak. I posted a response, I suggest others do as well. One can criticize Palin for various issues, but when it comes to overall style and personal story (the focus of the article), she is in a different league than all of the other candidates, male or female, democrat or republican.

Anonymous said...

Well, in my opinion, the thing to do is for Alaska to drop the so called tax all together and just sell their oil to the oil companies and base it on the price they are getting per barrel. It is dumb to call it a tax. The oil belongs to Alaska if it is on state land. They should simply charge the companies a per barrel rate for anything they suck out and call it a "sale" as opposed to a "tax". The reason companies like the federal land better is that the feds are charging them a pitance of a lease price and they take the oil at no charge. Then the feds tax the oil. And there is always a fluctuation in what they are taxed. In my state, especially my county, there is a boom in natural gas drilling. The difference it is all on private land. The gas company pays the landowner a cut for every cubic foot of gas they suck out of the ground on that person's property. I don't understand why Alaska doesn't just do the same. Seems a lot simpler.
dr. v

Health And Fitness Geek said...

When the liberal media criticizes a good candidate, that is good news!!

Anonymous said...

Have you ever seen Arianna Huffington? She can barely speak English and she dresses like Zsa Zsa Gabor. Why any American would value her opinion on who would be our best vp, I truly don't know.
dr. v

Anonymous said...

Anyone who believes Huffington would probably not vote for McCain or Palin, anyway.

Anonymous said...

MK: Did you read this one on CNN website?

In a March 2007 memo, Mark Penn, Clinton's former chief strategist, wrote, "all of these articles about his boyhood in Indonesia and his life in Hawaii are geared toward showing his background is diverse, multicultural and putting that in a new light. Save it for 2050," according to Atlantic magazine writer Joshua Green.

"It also exposes a very strong weakness for him -- his roots to basic American values and culture are at best limited. I cannot imagine America electing a president during a time of war who is not at his center fundamentally American in his thinking and in his values," Penn wrote.

The magazine article was posted on The Atlantic's Web site Monday evening. It will also appear in the September edition of the magazine, which is expected to hit newsstands August 19.


Anonymous said...

Please come support Palin.

Anonymous said...

email Carly Fiorina and tell her your desire to have Palin selected as VP.

Anonymous said...

email Mary Matalin and tell her your desire to have Palin selected as VP.

Anonymous said...

email Mr. Arthur Culvahouse, the head of John McCain's VP search team, and tell him your desire to have Palin selected as VP.

Anonymous said...

email Senator Trent Lott, who is assisting John McCain's VP search team, and tell him your desire to have Palin selected as VP.


Anonymous said...

email John McCain's best friend, Lindsey Graham, and tell him your desire to have Palin selected as VP.

Anonymous said...

email Meghan McCain, and tell her your desire to have Palin selected as VP.

Carlos Echevarria said...

This is an old story, has no real traction.

Georgia puts foreign policy front and center, again, and Barry Soetero, or whatever his name is, is on the outs...

Any wonder why B. Hussein Obama went to visit his "typical white" grandmother alone, without that bundle of joy Michelle, or the kids he loves to use as props...

Anonymous said...

email John McCain's close friend Tom Ridge, and tell him your desire to have Palin selected as VP.

Health And Fitness Geek said...

Keep the suggestions comming anonymous, I am emailing them right now..

BigRob-68 said...

This Bloomberg hit piece is lumping all Alaska Republicans as corrupt. Typical drive-by, sloppy reporting.

Anonymous said...

McCain may pick Palin?

Anonymous said...

Kristofer - McCain would be crazy to choose a VP that is under investigation AND has recently had an ethics complaint filed against her.

Anonymous said...

Do you mean the independent investigation in which the person who appointed the investigator just happens to be Obama's biggest supporter in Alaska and the investigator just happens to have close ties to the person who refused to accept a reassignment and also actively solicited the appointment?

Anonymous said...

Why not wait for the results of the investigation or the ethics complaint, before you villianize her? I can call the cops and say you are starving your dog, and you will automatically be under investigation. I can file an ethics complaint on any government employee, for whatever I choose to make-up at the moment. I can accuse a lot of people for any number of untruthful charges.
Just because there are allegations, doesn't make it true.
Jumping to conclusions and saying that Palin can't be the VP becasue there is an investigation which has yet to finalized is just ignorant. Desperately wishing for a reason not to support for Palin is NOT the same is actually having a reason not to support for her.

Anonymous said...

I read in an Alaskan paper that the woman who has filed the ethics complaint against her sell falafals in front of the capital, and has filed the complaint because she hasn't gotten a job. The article made it sound like she is a bit of a fanatic/nut case.
These sort of things happen to anyone in leadership. They are always being investigated and always having complaints. For heavan sakes, that nut job Kucinich is still trying to impeach Bush.
dr. v

Anonymous said...

dr. v,

Sarah and Andree were good friends!

Sarah appreciates Andree's "working to instill public trust" and how powerful she is regarding getting the word out to the press about questionable activity!

Anonymous said...

y was p-lain praising obamas energy plan? £Mitt4Veep£

Anonymous said...

Before Romney was against abortion he was for abortion and attending Planned Parenthood rallies after was against abortion the first time. But now he's really really against abortion just before he becomes for abortion again.

Anonymous said...

Mitt supporter-

She didn't praise his whole plan. She was critical in some areas.

If McCain chose Mitt, he would lose my support. The man could make Stevens look like a saint and make John Kerry look consistent.

Anonymous said...

It won't be Mitt. He has a faithful following, but in general, he just doesn't excite many people. He adds nothing to McCain's ticket nationally, just some geographical plusses here and here. And for every vote he wins for McCain, he probably loses one. McCain has to pick someone that is going to add appeal everywhere. He would be best served to pick someone that will boost his standing with women. This is a big voting bloc and one he has a chance of making significant inroads with. Women voters are the one group that as a whole can swing the election. In a really tight race, one state here or there might be a good strategy. But McCain needs to move ahead in several states. The way to do that is to go after a large voter bloc such as women. He's already strong with men and older voters, and the black vote is lost, and probably the youth vote. That just leaves women. He will pick a woman. And I think he will also pledge to only serve one term as it gets toward election day if it's close.
This is my crystal ball. For what it's worth. HA!
dr. v

Anonymous said...

The "Ted" earlier in this thread claiming that there is "worry" about troopergate WAS NOT ME!!!!


I would never say such a ridiculous thing that Palin is worried about this silly thing which, if anything, is/will make Palin look even better!

Anonymous said...

woops, the troll Ted is in the next thread, the thread connected to the posting on sending the petition.

Johefa. said...

Interesting quote from a Palin press release you found to share the beginning of the press release? You know, that part where she praises Obama's energy plan...

Ebb said...

My thoughts exactly Johefa! In fact, not only is the beginning of the quoted article missing, but it has mysteriously disappeared from the Alaskan Government site as well. Thank goodness for Google though, who saves webpages in it's cache. If you do a search for "Palin Praises Obama" you will find the link from the Alaskan website. When you click on it, it will redirect you elsewhere, however in Google Search if you click on the "cache" next to the link find, it will take you to the page that was removed.

If you have difficulty please find below the link for Google's Cache file:

For the past couple of days I have been trying to get to know Palin by surfing the net. In doing so, I have not found very flattering things. For one, she was for the Bridge to Nowhere, accepted the Federal Govt's money to fund that project. However, she then decided not to go further with the project and kept the money. That doesn't exactly sound like her telling them "Thanks, but no thanks."

There is also controversy over the birth of her last child. Mainly because Sen. Palin had a very flat stomach at 7 months when she announced that she was "pregnant".

This happened during the time her daughter was out of school for a period of 8 months for mono?

The Local News station interviewed many of the residents and captured their surprise, because they couldnt quite grasp how she was able to keep it under wraps for so long (7 months), especially because she was not "showing."

I find it strange that her stomach showed no signs of pregnancy as well because of pictures taken from the pregnancy preceeding, where her belly almost looked as if it carried a multiple pregnancy.

I do know that when a person has a Down's Syndrome baby the pregnant body will first show signs of an abnormal pregnancy. The person will develop Polyhydramnios. This in essence is the excessive fluid in the amniotic sac. This actually makes the pregnancy appear as if it is progressing quickly, swelling the belly considerably. How she can state that she was pregnant and not showing by 7 months is practically a medical miracle. Please read up on Polyhydramnios further if you do not trust my opinion. I found the story behind the pregnancy and further more the birth of the child very odd when I read it.

This all aside, what disturbs me also is the fact that she is under investigation for abusing her authority. Allegedly firing a man because he would not comply with her requests of having her ex-brother-in-law fired from his position. Her sister's ex-husband reportedly had a very nasty custody battle and divorce. Palin allegedly had her staff and she herself called the supervisor more than 20 times to complain to have an outcome of him losing his job. Allegedly because he did not assist in this, he was then himself released from his services for reasons for which to my eye did not seem to be reasons for dismissal and could be only opinion of Palin.

I don't side with anyone. I only read things and look deeper beyond words because I know that media can distort a story. I look at media presentations for and against everyone to get two sides of the story... because actually there are three sides to a story. His story, her story and the real story.

May God be with us.