By Suzanne Downing -April 4, 2022
Alaskans remember when she was governor and the damage she did to the state’s economy when she jacked up the taxes on oil so high that the oil companies stopped seriously exploring here and took their investment to the shale fields in the Lower 48.
A progressive tax called ACES, or “Alaska’s Clear and Equitable Share,” was such a disaster for the state that it was undone under the governor who followed Palin, conservative Republican Sean Parnell.
Parnell spent a good deal of political capital undoing that tax, which was a 90 percent government take when oil prices were high.
Palin taxed and spent so much on government that it took everything Parnell had to try to land the spending plane when he came into office in 2009. She left a combination of a terrible tax scheme and high government spending.
Palin didn’t like the undoing of her onerous tax and spending programs, which she had crafted with the help of legislative Democrats.
When Parnell, who had been her lieutenant governor, ran for re-election as governor 2014, five years after Palin quit office, Palin stabbed Parnell in the back and endorsed his opponent, Bill Walker, the Democratic Party’s chosen candidate. Walker won….
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