Quote of the Day (September 6, 2011)

Palin calls for elimination of corporate income tax
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Howard Richman, at IdealTaxes.com:

“Palin continues to show more economic common sense than any other potential candidate who has a chance to be president.”

- JP

Video: Sarah Palin Interview on Fox Business

"We have to elect fiscal conservatives..."
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Gov. Palin appeared on Fox Business over the weekend to discuss a variety of economic and political issues with Tom Sullivan:


- JP

Video: Sarah Palin on FBC's 'Money Rocks'

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Gov. Palin was a guest Thursday night on the Fox Business program "Money Rocks' with host Eric Bolling. They discussed irresponsible spending by the Democrats, coming tax increases and the Obama administration's incompetence in dealing with the Gulf Oil Disaster:



- JP

Fox News Video: Sarah Palin on the immigration debate

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Fox News contributor Sarah Palin was on "Hannity" Tuesday night. She and host Sean Hannity discussed immigration, attacks on Gov. Palin, taxes and the coming 2010 mid-term elections.

Part 1:



Part 2:



- JP

An email from Sarah Palin: The tax man cometh

April 14

The tax man cometh... while tax cuts soon expire. This takes away the private sector's opportunities to grow and thrive and create jobs, and it diminishes America's work ethic.

According to the Tax Foundation, Americans worked for over three months of this year, from January 1 to April 9, before they earned enough to pay their federal, state, and local tax obligations. That's nearly 100 days out of the year to pay government, before we start earning money for our families and small businesses!

Did you know that Americans will pay more in taxes in 2010 than we do for food, clothing, and shelter combined?

The Tax Policy Center projects that 47% of American households will pay no federal income taxes this year. Either their income doesn't qualify, or they qualified for enough deductions and credits to have no income tax liability for the year. In fact, the bottom 40% of households on average will net money from the federal government in payments and services.

It’s time to bring sanity to our tax system and to simplify the tax code. Please send what you can to SarahPAC today and help the campaigns of good, strong, commonsense Americans who will clean up the mess that Washington has created.

America, as one people with one Constitution, deserves better.

With an Alaskan heart and with support for real hope for the future,

Sarah Palin

- JP

Sarah Palin Was Right #3: Obama Admin. Admits Cap and Trade Will Raise Taxes

TWS' Michael Goldfarb at The Blog quotes a CBS News story:

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year.

Remember how the Obamunists beat up on Sarah Palin for her July op-ed on Cap and Trade in the Washington Post? She had written:

I am deeply concerned about President Obama's cap-and-trade energy plan, and I believe it is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage.

[...]

There is no denying that as the world becomes more industrialized, we need to reform our energy policy and become less dependent on foreign energy sources. But the answer doesn't lie in making energy scarcer and more expensive!

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The Americans hit hardest will be those already struggling to make ends meet. As the president eloquently puts it, their electricity bills will "necessarily skyrocket." So much for not raising taxes on anyone making less than $250,000 a year.

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Can America produce more of its own energy through strategic investments that protect the environment, revive our economy and secure our nation?

Yes, we can. Just not with Barack Obama's energy cap-and-tax plan.

So once again, Sarah Palin was right. Once again, she has been vindicated. That seems to be occuring with increased frequency since June, as we have noted here, here, here, here and here.

- JP

Sarah Palin Was Right #1: House Dems Seek Massive Tax Increase

From CNSNews.com:

Despite a still-lagging U.S. economy and rising unemployment rate, House Democrats announced late Friday that they will seek a massive increase in federal income taxes to help pay for the national health-care reform proposal that President Obama is urging Congress to enact this summer.

House Ways and Means Chairman Charles Rangel (D.-N.Y. ) revealed late Friday afternoon that House Democrats will seek to increase income taxes by $540 billion.

The move, which had been discussed earlier in the week by House Democrats, broke in an Associated Press story that was published at 4:14 PM Eastern Daylight time on Friday afternoon.
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Releasing news late on a Friday afternoon is a traditional public relations tactic used by politicians seeking to limit the news coverage of an item they nonetheless need to release.

Not that it's any surprise to conservatives and libertarians that Democrats want to raise taxes. But Sarah Palin, while campaigning as the 2008 Republican Party vice presidential candidate, often warned that if the Dems got control of the federal government, they would make it bigger and raise taxes. Here's an excerpt from a news item dated October 27, 2008:

Republican vice presidential candidate Sarah Palin says Democrats would raise taxes and "punish hard work."

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Palin told a cheering crowd in Leesburg, outside Washington, that Obama would raise taxes while she and Republican hopeful John McCain would cut them and freeze government spending. She also warned that voting for Democrats in the Nov. 4 election could give the party too much power.

So essentially the Democrats want to raise taxes on Americans who don't want them raised to finance an ObamaCare scheme that Americans want no part of. Take one of Doc Obama's bitter blue pills and bend over. You may feel some discomfort...

Another excerpt, this one from an August 2 report:

During his presidential campaign, Obama repeatedly vowed "you will not see any of your taxes increase one single dime." But the simple reality remains that his ambitious overhaul of how Americans receive health care -- promised without increasing the federal deficit -- must be paid for.

Everything former Governor Palin warned about during the 2008 campaign if the other side won has come to pass or is just around the corner. How's all that hope and change working out for you, independents? Buyer's remorse set in yet?

- JP

New Palin Facebook op-ed slams Obama energy policy

Sarah Palin has a new post up on her Facebook Notes page. The focus of her latest statement is a familiar issue for the former Alaska governor - energy:

YOUR TAX DOLLARS HARD AT WORK: FIRST CARS, NOW FOREIGN OIL.

Today's Wall Street Journal contains some puzzling news for all Americans who are impacted by high energy prices and who share the goal of moving us toward energy independence.

For years, states rich with an abundance of oil and natural gas have been begging Washington, DC politicians for the right to develop their own natural resources on federal lands and off shore. Such development would mean good paying jobs here in the United States (with health benefits) and the resulting royalties and taxes would provide money for federal coffers that would potentially off-set the need for higher income taxes, reduce the federal debt and deficits, or even help fund a trillion dollar health care plan if one were so inclined to support such a plan.

So why is it that during these tough times, when we have great needs at home, the Obama White House is prepared to send more than two billion of your hard-earned tax dollars to Brazil so that the nation's state-owned oil company, Petrobras, can drill off shore and create jobs developing its own resources? That's all Americans want; but such rational energy development has been continually thwarted by rabid environmentalists, faceless bureaucrats and a seemingly endless parade of lawsuits aimed at shutting down new energy projects.

I'll speak for the talent I have personally witnessed on the oil fields in Alaska when I say no other country in the world has a stronger workforce than America, no other country in the world has better safety standards than America, and no other country in the world has stricter environmental standards than America. Come to Alaska to witness how oil and gas can be developed simultaneously with the preservation of our eco-system. America has the resources. We deserve the opportunity to develop our resources no less than the Brazilians. Millions of Americans know it is true: "Drill, baby, drill." Alaska is proof you can drill and develop, and preserve nature, with its magnificent caribou herds passing by the Trans Alaska Pipeline System (TAPS), completely unaffected. One has to wonder if Obama is playing politics and perhaps refusing a "win" for some states just to play to the left with our money.

The new Gulf of Mexico lease sales tomorrow sound promising and perhaps will move some states in the right direction, but we all know that the extreme environmentalists who serve to block progress elsewhere, including in Alaska, continue to block opportunities. These environmentalists are putting our nation in peril and forcing us to rely on unstable and hostile foreign countries. Mr. Obama can stop the extreme tactics and exert proper government authority to encourage resource development and create jobs and health benefits in the U.S.; instead, he chooses to use American dollars in Brazil that will help to pay the salaries and benefits for Brazilians to drill for resources when the need and desire is great in America.

Buy American is a wonderful slogan, but you can't say in one breath that you want to strengthen our economy and stimulate it, and then in another ship our much-needed dollars to a nation desperate to drill while depriving us of the same opportunity.

- Sarah Palin

Related: Ed Morrissey has background on the Petrobras deal here, and The New York Times has a profile of Brazil's leftist President Luiz Inácio Lula da Silva here.

Update: Early blogger reaction at Say Anything here, Gateway Pundit here, Hyscience here and Ruby Slippers here.

- JP