Alaska Republicans Kill Sarah Palin's Only Legacy: Taxing Big Oil
Once upon a time, Sarah Palin actually had a job. She was elected governor of Alaska! And, for a few months at least, she often went to work and even made a brief effort to "help Alaskans" who weren't named Palin. The primary legacy of Sarah Palin's only actual full-time job was the increased taxes on corporate oil profits -- especially "windfall profits" when oil prices skyrocketed. But Republicans in Alaska's legislature have now killed the Palin tax hikes on Big Oil, so Alaska can now expect an $8 billion decline in revenue for its people.
Even Quitter Sarah's replacement, her one-time lieutenant governor Sean Parnell, now says her tax hike on oil companies was a terrible idea. Parnell used to say he supported the slightly higher taxes on oil companies that despoil Alaska while extracting its natural resources -- now he's all for giving the oil companies whatever they want, because he finally remembered Republicans hatepeople, not corporations. [ ADN ]
Back during her brief governorship, I happened to go on a cruise to Alaska. After buying the tickets, we were hit with an increased fee (tax) Alaska charges per visitor. She didn't seem to mind sucking at the teat of the tourists either.
This won't be good for the Alaskan meth industry but I’m the Meth lobbyist will get this corrected.