Wednesday, September 17, 2008

Tax and Spend Palin Lies about Obama Tax Cuts

If the media is paying attention, Sarah Palin's tax record is pretty clear. A real and honest look at Palin's record tells a story of raising taxes and run away spending. And since that's not enough for the rugged individuals of Alaska, gobbling federal tax money at a rate higher than any other state in the union.

With a record like hers, it's no wonder she's lying yet again and distorting the Obama tax cuts for most Americans.

As if it couldn't support itself, Alaska ranks No. 1, year after year, in money it sucks in from Washington. In 2005 (the most recent figures), according to the Tax Foundation, Alaska ranked 18th in federal taxes paid per resident ($5,434) but first in federal spending received per resident ($13,950). Its ratio of federal spending received to federal taxes paid ranks third among the 50 states, and in the absolute amount it receives from Washington over and above the amount it sends to Washington, Alaska ranks No. 1.

Under the state constitution, the governor of Alaska has unusually strong powers to shape the state budget. At the Republican National Convention, Palin bragged that she had vetoed "nearly $500 million" in state spending during her two years as governor. This amounts to less than 2% of the proposed budget. That's how much this warrior for you (the people) against it (the government) could find in wasteful spending under her control.

No comments: