Warning

 

Close

Confirm Action

Are you sure you wish to do this?

Confirm Cancel
Member Login

Site Notices
1/22/2020 12:12:56 PM
Posted: 9/16/2009 10:01:37 AM EST
Obama admin: Cap-and-trade will cost families $1761 per year

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.

Go to HotAir and read it all...
Link Posted: 9/16/2009 1:22:52 PM EST
Early evening bump...we need to stay aware.
Link Posted: 9/17/2009 9:18:43 AM EST
But Gee. People should have no problem getting $1761 together to pay a bunch of Al Gore's friends for absolutely nothing.

It's not like we are in a recession or something. Thanks to The One's brilliant policies were are all living large.

Link Posted: 9/17/2009 9:23:15 AM EST
Wasn't there a report about Al Gore's "green" house that stated that it actually cost more $$$ than it was saving?

This won't wake up the Obamabots, even though it should, since it impacts everyone. This will really hurt working folks who live paycheck to paycheck.
Link Posted: 9/17/2009 9:55:14 AM EST
Originally Posted By BIKECOP29:
Wasn't there a report about Al Gore's "green" house that stated that it actually cost more $$$ than it was saving?

This won't wake up the Obamabots, even though it should, since it impacts everyone. This will really hurt working folks who live paycheck to paycheck.


If passed, this will double a lot of folks annual gas and electric bills.

And that is only the beginning!

Link Posted: 9/17/2009 12:42:25 PM EST
Originally Posted By BrianB2:
Originally Posted By BIKECOP29:
Wasn't there a report about Al Gore's "green" house that stated that it actually cost more $$$ than it was saving?

This won't wake up the Obamabots, even though it should, since it impacts everyone. This will really hurt working folks who live paycheck to paycheck.


If passed, this will double a lot of folks annual gas and electric bills.

And that is only the beginning!



Great Depression II.
Link Posted: 9/17/2009 12:52:49 PM EST
Yep, nearly $1800 per year per family. Obaam said it would cost mo more than a postage stamp. Guess they are going up too????????????

ANOTHER MISSTATEMENT??????
Link Posted: 9/17/2009 12:57:04 PM EST
This is going to leave a mark.

Fuck beer money, now we're talking food money!
Link Posted: 9/17/2009 1:01:26 PM EST
zero's "shock and awe" plan to shove all this crap down our throats in a short period of time was Rahm's brainchild.

He thought they could ride zero's wave right through with no one stopping them.

These guys are the sickest, slimiest fuckers we've seen. Every damn person associated with zero can be considered just as sick and slimy as he is.

HH
Link Posted: 9/17/2009 1:03:48 PM EST
Originally Posted By BIKECOP29:
Originally Posted By BrianB2:
Originally Posted By BIKECOP29:
Wasn't there a report about Al Gore's "green" house that stated that it actually cost more $$$ than it was saving?

This won't wake up the Obamabots, even though it should, since it impacts everyone. This will really hurt working folks who live paycheck to paycheck.


If passed, this will double a lot of folks annual gas and electric bills.

And that is only the beginning!



Great Depression II.


Revolution 2.0!!!
Link Posted: 9/17/2009 1:20:36 PM EST
Everyone keep in mind that this is an 0bama estimate. The real number will be different, probably much higher.
Link Posted: 9/17/2009 1:22:28 PM EST
Between this and letting Bush's tax cut expire, Obama's going to tax the average middle class family with over $2500 of additional taxes in 2010.
Link Posted: 9/17/2009 1:24:54 PM EST
Originally Posted By HoustonHusker:
zero's "shock and awe" plan to shove all this crap down our throats in a short period of time was Rahm's brainchild.

He thought they could ride zero's wave right through with no one stopping them.

These guys are the sickest, slimiest fuckers we've seen. Every damn person associated with zero can be considered just as sick and slimy as he is.

HH



Gotta love the 0care timeline; they tried to rahm it through before the recess. Now 0 just got done with a speech which undercuts what they have been working on. You know, only like a month after he wanted it rahm'ed through.

"OK, let's try this".
"Oops! Didn't work."
"OK, let's see if this works!"
Link Posted: 9/17/2009 1:26:31 PM EST
Originally Posted By Mr_Dictionary:
Between this and letting Bush's tax cut expire, Obama's going to tax the average middle class family with over $2500 of additional taxes in 2010.


Betcha that'll be all that suffers.
Link Posted: 9/17/2009 1:31:46 PM EST
[Last Edit: 9/17/2009 1:34:43 PM EST by Mr_Dictionary]
Those of us with "unusually large" incomes already knew we were going to get hammered... The middle class will very soon realize that they too have an "unusually large" income since all that really means is that you actually had an income.
Link Posted: 9/17/2009 1:42:24 PM EST
As long as he doesn't raise taxes on the middle class we will be fine.
Link Posted: 9/17/2009 1:47:01 PM EST
Originally Posted By DonS:
Everyone keep in mind that this is an 0bama estimate. The real number will be different, probably much higher.
BUT, BUT BUT, THE MESSIA said no new taxes like bush. Its just downright hypocritical

Link Posted: 9/17/2009 1:53:16 PM EST
Has the govrenment done ANYTHING within budget...or estimate....
Top Top