Palin's Alaska spreads its wealth
“Raising taxes on some in order to give checks to others is not a tax cut; it’s just another government giveaway.” - John McCain
In Alaska, residents pay no income tax or state sales tax. They receive a yearly dividend check from a $30 billion state investment account built largely from royalties on its oil. When home fuel and gas costs soared last year, Palin raised taxes on big oil and used some of the money to boost residents’ checks by $1,200. Thus every eligible man, woman and child got a record $3,269 this fall.
“And Alaska we’re set up, unlike other states in the union, where it’s collectively Alaskans own the resources. So we share in the wealth when the development of these resources occurs.”- Sarah Palin
