Palin Is Pegged

I was looking for reviews of Sarah Palin’s speech in Indianola, Iowa and came across something interesting.

Quite a few articles on Palin’s speech were titled Crazy Train. Evidently they are reposts of an article by a certain Sara Jones.

Oh. Yeah! Crazy.

Here is a a post from the Crazy Train.

As tired and worn out as the Tea Party narratives were in the warm up to Palin, the Tea Party is still capable of huge excitement as Sarah Palin, Queen of the Tea Party, took the stage to knock out her political rival, Rick Perry. Oh, wait, she should have been knocking out Rick Perry if she were really going to run, but she spent much of her time taking aim at Obama.

The Tea Party narratives worn out? Sure thing lady. You hope. How did that 2010 election work out for you? Want to try for a repeat with bama thrown in (out?) for good measure? Molon labe. That is Greek for “make my day”.

Well OK. We have the atmospherics out of the way. Let us get to the meat and bone.

But the real puzzler was when Palin announced what I guess will be her job-creation “policy” if she runs: Palin proposes that we eliminate all federal corporate income tax in order to create jobs. ALL. That’s any and all corporate income tax. And this is where we get to the part in our program where we reveal more proof that the Tea Party doesn’t give a hoot about fiscal conservatism. A policy of no federal income taxes for corporations is not exactly responsible. But certainly, it’s rich, coming from Palin who taxes the oil companies in Alaska so much with windfall profit taxes that they claim they stopped drilling there as much as they were because their profits were being taxed too much.

That is all explained rather reasonably by what Palin said,“We have the highest federal corporate tax rate in the industrialized world. Did you know our rates are higher than China and Communist Cuba?”

The essence of the plan is to attract businesses to America by making America the best place in the world to do business. It seems like a good idea to me.

Update: Human Events has a more sympathetic article.

First, as part of a five point plan to revive America’s economy, Palin called for the elimination of the federal corporate income tax as a way to “break the back of crony capitalism.” Her reasons for eliminating the federal corporate income tax, though, were more important than the actual proposal because it was a way in which she drew a line to differentiate herself from not only President Barack Obama, but nearly every other GOP presidential candidate, most notably Texas Gov. Rick Perry.

Second, on the three year anniversary of her vice presidential acceptance speech at the Republican National Convention in 2008 when Palin, a reform minded governor who had record approval ratings, invigorated the flailing McCain campaign, Palin cast herself squarely as the anti-McCain. Palin said that she could not understand why some people referred to Tea Partiers as “hobbits,” a clear reference to McCain’s remarks that denigrated a political movement his critics claim he shamelessly, like a typical politician, used to get re-elected only to turn his back on it once he got back to his familiar Washington trappings.

I think central to her campaign – which she tried to make central as McCain’s VP – is a clearing of the decks in Washington. Pump the cesspool so to speak. I hungered for it when she was McCain’s VP. The nation needs it a thousand times more considering what the regime in power has done so far.

I think that she is going for the heart of the matter. The dearth of jobs is related to how easy it is to make money by farming Washington vs farming 160 acres. We have made theft more certain than agriculture. So of course we have more thieves than farmers. What else would you expect?


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3 responses to “Palin Is Pegged”

  1. Frank Avatar
    Frank

    As of 2007 there were about 2 1/2 million corporations liable for corporate income tax. They paid $225 billion in tax, averaging $90,000 each. The largest companies which are usually multi-national like GE are able to avoid any corporate tax.

    Meanwhile almost ALL income from the 4 milllion small family S Corps is passed through and fully taxed on individual returns. Ditto for the 3 million partnerships most of which are professionals.

    It sounds like what Palin is proposing is to eliminate all the loopholes that shield the multi-nationals, and force them to pass through income for reporting purposes to shareholders and employees, including executive compensation. If that is what she has in mind it will truly break the back of crony capitalism which infects Washington. She sounds much more like a populist than a country club Republican or coctail party Democrat.

  2. Simon Avatar
    Simon

    Frank,

    Thanks for supplying those important details.

  3. Kathy Kinsley Avatar

    I hope she runs. I even more hope she runs and wins. Now that is a hope for CHANGE…