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Sarah Palin on Taxes and Budget
Q: Why does everyone benefit if the rich pay less or everybody pays less in taxes? Why is that good for the economy? A: That's a good question and everyone does benefit when government takes less from the people no matter their income bracket is.
"The Democratic nominee for president supports plans to raise income taxes ... raise payroll taxes ... raise investment income taxes ... raise the death tax ... raise business taxes ... and increase the tax burden on the American people by hundreds of billions of dollars."
"Disappointed that taxpayers are called upon to bail out another one,"" Palin told reporters during a visit to a downtown deli Wednesday. "Certainly AIG -- though with the construction bonds that they're holding and with the insurance that they are holding -- very, very impactful for Americans. So you know the shot that has been called by the feds -- it's understandable but very, very disappointing that taxpayers are called upon for another one," she said.
"Q: Then we focused on the $700 billion government bailout of bad debt, and I asked her if she supported it. A: I'm ill about the position America is in and that we have to look at a $700 billion bailout. At the same time we know that inaction is not an option...unless there are amendments in Paulson's proposal, I don't think Americans will support this, and we will not support this."
"Q: Both you and Sen. McCain supported the bailout of Fannie Mae and Freddie Mac. You both opposed government intervention as it relates to Lehman or Merrill, but now we read this morning that AIG is going to get some type of government bailout. Was that the right call? A: First, Fannie and Freddie are different because they are quasi-government agencies there where government has to step in because the adverse impacts all across our nation, especially with home mortgages, it's just too impacting, we had to step in there. I don't like the idea of taxpayers being used to bailout these corporations. Today with AIG, important call there because of the construction bonds and the insurance carrier duties of AIG, but first and foremost, taxpayers cannot be looked to as the source of the bailout."