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article imagePalin Given New Deadline To Hand In Finance Report

By KJ Mullins     Sep 25, 2008 in Politics
Sarah Palin has asked and been granted an extension for the deadline to reveal her personal finances. The new deadline is October 3, 2008. The Alaskan governor was granted the extension because of the complex issues that federal finance can deal with.
The extension granted will be a day after the only Vice Presidential Debates have taken place.
the American public can use these finance reports to see if politicians are receiving favorable financial treatment or if there is a conflict of interest because of investments. They also enable the public to see how public political figures manage their own money.
The reports that have been filed in Alaska show the Palins have several sources of income. Last year Sarah Palin earned $125,000 as governor. Todd Palin had three sources of income; $46,790 as a part-time oil production operator for BP Alaska in Prudhoe Bay, $46,265 commercial fishing for salmon from June to July in Bristol Bay, and $10,500 in Iron Dog snow machine race winnings.
Yahoo reports:
Trevor Potter, general counsel for the McCain-Palin campaign, told the FEC that the campaign initially thought it had until Oct. 4 to file the report, but then learned the FEC set an earlier due date.
"Most importantly, because Governor Palin has not previously run for federal office, it is clear to us that additional time is required to compile and prepare Governor Palin's financial information," Potter wrote. "As you are well aware, the Executive Branch financial disclosure form is vastly more complex than most state disclosure forms, and requires the assemblage of a quantity and level of detail far beyond that reported previously by the governor in Alaska and therefore readily available."
Joe Biden's report was filed earlier this month. The senator from Delaware earned less than many others that are in the Senate. The total income earned by Biden and wife Jill for 2007 was $319, 853. On Thursday an undated report was submitted to the Federal Election Commission by Biden.
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