Republican Governor (AK); ; nominee for Vice President
FactCheck: No, Obama's plan won't tax millions of businesses
Palin repeated a falsehood that the McCain campaign has peddled, off and on, for some time, saying, "When you talk about Barack's plan to tax increase affecting only those making $250,000 a year or more, you're forgetting millions of small businesses tha
are going to fit into that category. So they're going to be the ones paying higher taxes thus resulting in fewer jobs being created and less productivity."
It's simply untrue that "millions" of small business owners will pay higher federal income
taxes under Obama's proposal. Several hundred thousand small business owners, at most, would have incomes high enough to be affected by the higher rates on income, capital gains and dividends that Obama proposes. That counts as "small business owners"
even those who merely have some sideline income from such endeavors as freelance writing, speaking or running rental properties, and who get the bulk of their income from employment elsewhere.
Wall Street violated public trust & caused mortgage crisis
Q: Who is responsible for these failing institutions [such as AIG, Fannie Mae, Freddie Mac, and Lehman Bros., in the mortgage crisis] in your view?
A: I think the corruption on Wall Street--that is to blame. And that violation of the public trust.
And that contract that should be inherent in corporations who are spending, investing other people's money--the abuse of that is what has got to stop. And it's a matter, too, of some of these
CEOs and top management people and shareholders not holding that management accountable, being addicted to, we call it, O-P-M, "other people's money." Spending that, investing that, not using the prudence that we expect of them.
But here again, government has got to play an appropriate role in the stringent oversight, making sure that those abuses stop.
Governor must act as effective CEO on behalf of Alaskans
PHILOSOPHY IN GOVERNING: I look forward to building a team that will put Alaskans first! I believe in fairness and inclusion and will call on the public to work together for Alaska's common good. I refuse to use divisive tactics that polarize us for
political gain.
As manager of our vast public resources, the Governor must act as an effective CEO on behalf of all Alaskans in negotiating the best deals for the state, and I am prepared to tackle that challenge.
Source: Palin-Parnell campaign booklet: New Energy for Alaska
Nov 3, 2006
Encourage small business growth by reducing business taxes
SMALL BUSINESS: Alaska's small business owners are the backbone of our regional economies. Small Alaskan-owned businesses should have just as much say in state policy as the big companies do.
Our precious businesses are major employers of Alaskans and keep Alaska's money circulating through our economy. As Mayor and CEO of the booming city of
Wasilla, my team invited investment and encouraged business growth by eliminating small business inventory taxes, eliminated personal property taxes, reduced real property tax mill levies every year
I was in office, reduced fees, and built the infrastructure our businesses needed to grow and prosper.
