Our opponent in this election supports plans to raise taxes on income, payroll, investment income, business income, and altogether would increase the tax burden on the American people by hundreds of billions of dollars. But ask yourself: If you're trying to run a small business, or to keep your job at a plant, or keep a small farm in the family, how are you going to be better off if he adds a massive tax burden to the American economy?
In Alaska, we've also made some serious reforms in energy policy. When oil and gas prices went up dramatically, and filled up the state treasury, I sent a large share of that revenue right back where it belonged -- directly to the people of Alaska. And despite fierce opposition from oil company lobbyists, we broke their monopoly on power and resources. As governor, I insisted on competition and basic fairness to end their control of our state and return it to the people. I fought to bring about the largest private-sector infrastructure project in North American history. And when that deal was struck, we began a nearly $40 billion natural gas pipeline to help lead America to energy independence.
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