Thursday, October 02, 2008

BP 1-12
Ifil goes after Palin to answer the original question. Palin answers, but slightly. Biden countering but makes a gaffe. He says Palin enacted a "windfall profits tax". No the tax is not on profits, but on oil company operations. (I forget what the tax is called but it is levied on companies that extract natural resources that cannot be replaced. Since the state has lost a non-renewable resource, they consider it a loss and enact a tax to mitigate the loss).


Post a Comment

<< Home