Palin, I like her.
On the surface, I like her. She is a strong move leftward for the Republican party, which can only be good for the USA. She is a career employee of gov't having been a teacher, PTA member, school board member, and then having moved into the Mayor and Governor's mansions. Her husband is a solid union guy, and their family has benefited from the better pay, benefits, those types of jobs get you. Especially with a Downes Syndrome child one hopes she recognizes the value of those benefits and would like all Americans to have them.
Hopefully this nomination is an indication that Republican leadership have gotten the message that they are being held accountable by their own party for the traitorous corruption and hypocrisy of the Delay's, Gingrich's. Stevens, Rove's, Gonzalez's, Cheney,s, Wolfowitcz's etc. they have put into office.
Nominating a "maveric" and selecting someone as far removed from Republican mainstream as possible sends an excellent message and I hope you guys are on your way to getting your party back in order, as opposed to just being a smokescreen before you go back to business as usual. I am not at all convinced you all are trustworthy.
I still disagree about her support of the death penalty. I agree with the Christians who quote "Thou shalt not kill" as a commandment. But not because it is God's law. Because if you kill an innocent man you cannot ressurect him. Life in jail is enough penalty for any crime and if you find out later you were wrong, you have not done as much wrong yourself.
I am not sure where she stands on gun control even knowing she is an NRA member. I agree with Obama last night that there should be some sensible balance of supporting the second amendment but not leaving urban Police to battle gangs armed with AK47's.
I know I have been taken to task on this website for arguing in favor of Gov't regulation and suggesting that the current tax system is unfair. I have also gotten some support. Governor Palin seems to agree with me, having promoted these tax increases, and "onerous" when Democrats promote them, regulations on oil companys in Alaska.
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Full Journal 10-18-2007 Senate Journal 1421 SB 2001
SENATE BILL NO. 2001 BY THE SENATE RULES COMMITTEE BY REQUEST OF THE GOVERNOR, entitled: "An Act relating to the production tax on oil and gas and to conservation surcharges on oil; relating to the issuance of advisory bulletins and the disclosure of certain information relating to the production tax and the sharing between agencies of certain information relating to the production tax and to oil and gas or gas only leases; amending the State Personnel Act to place in the exempt service certain state oil and gas auditors and their immediate supervisors; establishing an oil and gas tax credit fund and authorizing payment from that fund; providing for retroactive application of certain statutory and regulatory provisions relating to the production tax on oil and gas and conservation surcharges on oil; making conforming amendments; and providing for an effective date." was read the first time and referred to the Resources, Judiciary and Finance Committees. The following fiscal information was published today: Fiscal Note No. 1, Department of Revenue Fiscal Note No. 2, Department of Natural Resources Fiscal Note No. 3, zero, Department of Administration Governor's transmittal letter dated October 17: Dear President Green: Under the authority of art. III, sec. 18 of the Alaska Constitution, I am transmitting a bill to make Alaska's oil and gas production tax system one that is clear and equitable. This legislation would provide the 10-18-2007 Senate Journal 1422
necessary tools to protect the state's interests as it moves forward with the industry on a mutually beneficial basis in the exploration and development of Alaska's oil and gas resources. The bill would amend the current production tax on oil and gas under AS 43.55 and would amend other statutes to aid in the administration and enforcement of the production tax. It accomplishes six primary goals: (1) requires more complete reporting of tax-related information by producers, explorers, and operators; (2) establishes rules for the sharing of confidential information between state agencies; (3) ensures the public disclosure of important production tax information; (4) provides various tools to help the Department of Revenue (department) administer the tax; (5) institutes clear fiscal terms for explorers and producers; and (6) establishes an oil and gas tax credit fund to ensure our incentive programs function effectively. To accomplish the first goal, the bill specifies extensive annual reporting requirements for producers and explorers and makes clear that the department also has authority to require monthly reporting of tax information. The information would provide the department's production tax auditors the tools necessary to conduct thorough and accurate production tax audits and would help the department better monitor costs that may be claimed as deductions or used to obtain tax credits. In addition, the bill would authorize the department to require reporting of forward-looking information, such as producers' budgets for future expenditures. The department needs this kind of information for accurate revenue forecasting. The bill would provide for penalties of up to $1,000 per day for failure to file certain required reports, in addition to other remedies under current law. The second goal is accomplished by clearly providing for the Department of Revenue and the Department of Natural Resources to share extensive producer and explorer information, while maintaining the confidentiality afforded under current law. This information sharing would improve administration of both agencies' programs and increase efficiency, since the two agencies often have similar data needs under their respective tax and royalty programs. 10-18-2007 Senate Journal 1423
To fulfill the third goal, the bill would make clear that the department may publish production tax information aggregated among at least three taxpayers. This would include information on taxes paid, values of oil and gas produced, capital expenditures and other costs, tax credits, and more. Publishing such information would give the public confidence that Alaska is receiving its equitable share of our natural resource value. As one means of achieving the fourth goal, the bill would provide for placing petroleum revenue auditors into the exempt service. This would help the state retain and attract the necessary expertise by giving the departments flexibility in setting salaries that compete with similar positions in the private sector. Petroleum revenue auditors currently employed with the state would have the option to remain with their union or to be moved into the exempt service. Another tool is an extension of the statute of limitations for oil and gas production taxes. The bill would increase the time allowable for the department to conduct audits and assess tax deficiencies from three to six years. This change would give the department's oil and gas production tax auditors more time to conduct accurate and thorough audits and to make sure that producers are paying the correct amount of tax under the law. The fifth goal requires a means to clearly establish how we value oil produced in Alaska and then how we will share that value with those who find, drill, and develop these nonrenewable resources. The bill requires the department to spell out in regulation which costs may be deducted against the tax. It would also expand the list of cost categories that are not allowed to be deducted. One disallowed category consists of costs for repair, replacement, or deferred maintenance of facilities or equipment, including pipelines, associated with an unscheduled interruption of or reduction in the rate of oil or gas production or with an oil spill or other unpermitted release of a hazardous substance. The bill contains a limited exception, for example, for natural catastrophes beyond the producer's control. Another disallowed category consists of costs to build or operate a refinery or crude oil topping plant. In addition, the current partial disallowance for dismantlement, removal, or abandonment costs is expanded to be a complete exclusion. 10-18-2007 Senate Journal 1424
When it comes to sharing the value of the resource, the bill puts the state's share at 25 percent of the value after appropriate costs have been deducted. As prices, and profitability, rise, so does the state's share of the value. Once the net value of a barrel reaches $30.00 on an annual basis, the state's share increases by 0.2 percent for every dollar increase above that trigger. The bill would ensure a certain amount of state production tax revenues by setting a floor on the tax paid by certain highly productive fields. This floor is 10 percent of the gross value of the oil and gas produced from those fields. The sixth, and final, goal of the bill is to ensure the effectiveness of our credit incentive programs. The bill would establish an oil and gas tax credit fund that is financed with a percentage of oil and gas production tax receipts. The bill would give the department the ability to expend these funds in order to purchase credits from explorers and small producers. The intent of the incentive credit program is to attract new companies and new investment to our state in the pursuit of oil and gas resources. While we have succeeded in attracting new entrants, these companies have run into problems finding purchasers for the credits accumulated from their investments. If they cannot monetize these valuable credits, the purpose of the program is defeated. With these changes, our state will have the necessary tools to protect Alaska's interests when it comes to appropriately valuing oil and gas production in this state. Alaska's share of the costs of investment would fall to 45 percent, while increasing our share of the net revenues to 48 percent. We would be able to tell the public, with confidence, that we are getting a fair share of the value derived from these non- renewable resources. I urge your prompt and favorable action on this legislation. Sincerely, /s/ Sarah Palin Governor
I'll be looking forward to some details fromMcCain on his policy to balance the budget, promote energy security, and restore habeus corpus rights, and privacy rights, etc
It is too bad she was nominated to run against McCain for the Presidency