From Bloomberg.com: Palin Boosted Oil-Company Taxes While Alaska Had Budget Surplus
Alaska has no state income, property or sales tax.
“It’s like Dubai. It gets enormous royalties and taxes and fees of various types from oil,” said Chris Edwards, an economist and state budget expert at the Cato Institute, a Washington group that advocates low taxes and small government.
It blows my mind that the Republicans put forth Palin as a “tax-cutter” when Alaska has no state income, property, or sales tax. In fact Alaska’s economy is so different than the rest of the nation, anything she might have learned as governor really doesn’t apply anywhere else.
She’s never had to make a tough choice on spending because of the near limitless supply of money coming in from taxes from high oil prices.