| NY Mag. | 0 | |
| Wash Wire | 0 | |
| NYT | 0 | |
| WaPo | Calif. insurer’s rate increases draw attention of federal government |
0 |
| Red State | 0 |
Audacity of Truth
Spinsational:
"We were so busy just getting stuff done and dealing with the immediate crises that were in front of us that I think we lost some of that sense of speaking directly to the American people about what their core values are and why we have to make sure those institutions are matching up with those values."
-Obama, explaining recent Democrat losses, 1/20/10
Velvet Lair- The sexiness of winning the battle of good versus evil January 26, 2010
- Ever wonder why? January 12, 2010
- The decision to bench Peyton Manning: Right or wrong? December 28, 2009
- Is my dad turning into a metrosexual? November 24, 2009
- My “Things To Do For Christmas” list November 23, 2009
Revealed: Cap-and trade will cost American families $2k each per year
More great news from the administration that has promised us HopenChange:
(AP)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.”
The documents (PDF) were obtained under the Freedom of Information Act by the free-market Competitive Enterprise Institute and released on Tuesday.
These disclosures will probably not aid the political prospects of the Democrats’ cap and trade bill. The House of Representatives approved it by a remarkably narrow margin in June — the bill would have failed if only six House members had switched their votes to “no” — and it faces significant opposition in the Senate.
Republicans estimate it would actually be closer to over $3k a year per family. And don’t forget that in addition to raising the taxes of the American people, this bill would be a surefire job-killer as well, as Sarah Palin pointed out here.
Once again, as with ObamaCare, the Senate may very well be the last line of defense between the American people and higher taxes that the Obama admin wants to use to pay for its agenda. Write your Senator today – no matter whether they are Democrat or Republican – to make sure your voice is heard on the issue of cap and tax, er, trade.
RSS feed for comments on this post.
Trackbacks
10 Responses to “Revealed: Cap-and trade will cost American families $2k each per year”
Comments
Blogads
Disclaimer: The views expressed on this blog do not necessarily reflect those of ST's advertisers, nor do their opinions necessarily reflect ST's. Stats
2000.00 for cap and trade, 8,000.00 for Obamacare..taxes levied on cigarettes and beer.
I seem to remember someone saying that they wouldn’t raise taxes on folks that made under 250k a year.
Not only will there be more taxes, but there will be AT LEAST $10,000.00 more per year for families to pay out..all the while we lose more and more jobs.
I hate to be blunt but WTF are these people doing? are they out of their cartoon minds???
“At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.”
What’s the bet that the cost per typical American household would be an extra $0 a year? Tax the rich. Redistribute the wealth.
Q: And what will the families get for their thousands?
A: Not a damned thing…
My teenage daughter was reading information on this and she said she was scared….the loss of jobs and the added expense adds up to a worse economy. What are these nutcases in Washington, DC thinking?
I feel this is just the culminating force to drive the US into a truly socialist system of government.
I think I will begin a candle and lamp business….cause we won’t be able to keep the lights on much longer. Who’s really in the dark here? My vote is for Congress. Turn the lights off permanently on the rats in 2010….vote em out!
Kate, candles will probably be produceable, but I would question whether lamps will because they invole the use of metal and glass in the manufacture, both of which use massive amounts of power to produce. And they leave a “huge” carbon footprint.
And as far as them thinking, that’s the problem, they don’t. They create specific utopian scenarios in their bigoted little minds, not paying the least attention to reality, then express dismay when the law of unintended consequences kicks in (if they express anything at all beyond wonder at their own brilliance). They are determined to create their utopian socialism, and nothing, absolutely nothing, will prevent them from that “achievement”.
Ah well, it’s a small price to save the plaaaaaaanet! Sheesh.
A little carbon emission to drive across town in your old car, eeeeevil, cash for clunkers!
A ton of energy use/carbon emissions to build hybrid cars, toxic heavy metal mining, etc. is GOOD, it saves the plaaaaaanet!
Another great example of Orwellian doublethink/doublespeak from our “friend” in the Democrat party!
Energy taxes are doubleplusgood!
Oooh, there’s a picture of Joe Wilson, time for the 2 Minute Hate!
And don’t forget the green “prophets,” er, profits, Sev
I thought the profits’ name was Algore, seer extraordinaire and keeper of carbon credits for all mankind unwilling to cut back on their abuse of the planet by living simpler lives in huts and not using single-passenger jet flight to faraway places.
Hypocrisy, thy name is green. Or liberal.
I just hope all of the ignorant bleeding heart liberals who voted for “Hope and Change” are getting their guts full. What will it take for them to wake up and see that we are witnessing the destruction of America in one fell swoop headed up by a guy who made a killing rabble rousing and couldn’t efficiently manage a Taco Bell.