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September 2, 2008

Sarah Palin and taxes

Interesting post from Kevin Drum on Palin's tax policy as governor of Alaska. She appears to be more receptive to at least certain tax increases than many Republicans.

Last September she proposed a new state tax plan called ACES, and by November she had successfully pushed it through the Alaska legislature in a special session. ACES had two goals. First, it replaced a year-old plan called PPT that was mired in corruption and was widely distrusted. No problem there. Second, it was designed to increase revenue. PPT had raised revenues by $1 billion, but that was still less than everyone expected. So Palin's plan increased that by another $700 million.
Posted by Jay Hancock at 10:20 AM | | Comments (0)
        

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.
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