Obama Administration: Cap & Trade Could Cost Families $1,761 a Year
2009 September 16
The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.
A second memorandum, which was prepared for Obama’s transition team after the November election, says this about climate change policies: “Economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation.”
But, don’t you dare disagree with our exaulted leader on Cap & Trade, because, if you do, you’re a racist. Jimmy “Peanut Brain” Carter says so. So do Charles Gibson, Brian Williams and the left-wing loons at MSNBC. And, that officially makes you a racist.
Don’t expect any coverage by the Three Stooges ( Gibson, Couric and Williams).
Hat tip: CBS News (of all places)
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“Hat tip: CBS News (of all places)”
LOL !!!
[2]
Eph -
Don’t expect Katie Couric to be reporting this tonight. In fact, the author is probably being fired right now.
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…the author is probably being fired right now.
Or is pondering a job offer to replace Shep at Fox!
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This president really does want to be a one-termer.
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mulletover
“This president really does want to be a one-termer.”
Yes, but in that one term he plans to screw up more things than every President (combined) since Carter in a single term.
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screw-ups:
stimulus plan – saved (not created) a million jobs, at $787,000 per job.
omnibus bill – more pork and earmarks, promised no earmarks.
health care – mandates, higher costs, lower quality, free abortions, rationing, death panels.
cap and trade – increased energy costs, crappy little cars, windmills chopping up birds.
war strategy – less troops, more fatalities, gitmo prisoners on the loose.
racism – more divided than ever.
date nights – $12 grand to go to NY while most Americans eat rice and beans.
Fred, why didn’t you run?
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Yeah, too bad O doesn’t have a Shah to kick around.
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“This president really does want to be a one-termer.”
You know Dick Morris said that about 2 months ago and I thought he was nuts. I guess he might have the last laugh after all.
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— WaTimes
It smells white wash, but it slows them down some…
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Dr. Dog: Darn it! Now ACORN is going to start screening people!
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Great analysis: http://www.redstate.com/dan_perrin/2009/09/16/the-politics-of-obamacare-the-latest-news-and-analysis/
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Yeah I know. Bummer.