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Topic: Cap and Trade is a Massive Tax Hike< Next Oldest | Next Newest >
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PostIcon Posted on: Sep. 15 2009,18:50  Skip to the next post in this topic. Ignore posts   QUOTE
Administration concludes it will be like a 15% tax increase.

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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."


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PostIcon Posted on: Sep. 15 2009,19:45 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
You don't say.

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PostIcon Posted on: Sep. 16 2009,05:10 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Ditto.
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PostIcon Posted on: Sep. 16 2009,06:06 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Interesting ending to that article.

I wonder why such cover ups aren't bigger news...?
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PostIcon Posted on: Sep. 16 2009,11:17 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Leisher @ Sep. 16 2009,09:06)
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Interesting ending to that article.

I wonder why such cover ups aren't bigger news...?

Because ends justify means.  Reporters think things are like that are OK cuz it's in support on something they agree with.

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PostIcon Posted on: Sep. 16 2009,11:26 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Goodness, that sounds like a fascist philosophy.

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PostIcon Posted on: Sep. 16 2009,13:43 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
If you give a shit only about the results, then the ends do justify the means.

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PostIcon Posted on: Sep. 16 2009,14:30 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Well surprise surprise a tax increase.  Like someone finally decided that we better start paying as we spend instead of the new found Republican philosophy to just spend it and not worry where the money would come from.
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PostIcon Posted on: Sep. 16 2009,14:49 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
How about not spending so much of my money in the first place?

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Diogenes of Sinope:

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"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

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PostIcon Posted on: Sep. 16 2009,14:55 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
There's a flaw in your statement: the money isn't yours.  It says right there on it that it's the property of The United States of America.  They just let you keep some of it for them.

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PostIcon Posted on: Sep. 16 2009,15:06 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Mommy Dearest @ Sep. 16 2009,17:30)
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Well surprise surprise a tax increase.  Like someone finally decided that we better start paying as we spend instead of the new found Republican philosophy to just spend it and not worry where the money would come from.

To be fair, I hardly think this is an issue where either party "wins"

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PostIcon Posted on: Sep. 16 2009,15:20 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
This is an arbitrary tax on energy production based on "carbon production."

A rich person might pay .05% of their income on energy needs.

A poor person might pay 10% of their income on energy needs.  

Increase each of those numbers by any percentage, and who does this increase hurt more?

"People who make less than $200k will not pay a dime of extra taxes."  I knew at the time he said it he was a lying sack of shit, I said so in these forums, and I have scorn for those who were stupid enough to believe him.

Edited by GORDON on Sep. 16 2009,15:54

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PostIcon Posted on: Sep. 16 2009,15:56 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Mommy Dearest @ Sep. 16 2009,17:30)
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Well surprise surprise a tax increase.  Like someone finally decided that we better start paying as we spend instead of the new found Republican philosophy to just spend it and not worry where the money would come from.

I know you're not mocking anybody in this forum, because there's not a single person here who advocates government spending.

In fact, this stupid carbon crap isn't about paying for spending; it's about punishing us for our environmental sins.
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PostIcon Posted on: Sep. 16 2009,16:10 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
It is indeed regressive, which is why they're doing tax credits for poor people.  Yay.

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PostIcon Posted on: Sep. 16 2009,18:59 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(GORDON @ Sep. 16 2009,18:20)
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This is an arbitrary tax on energy production based on "carbon production."

A rich person might pay .05% of their income on energy needs.

A poor person might pay 10% of their income on energy needs.  

Increase each of those numbers by any percentage, and who does this increase hurt more?

"People who make less than $200k will not pay a dime of extra taxes."  I knew at the time he said it he was a lying sack of shit, I said so in these forums, and I have scorn for those who were stupid enough to believe him.

no a 10% increase in tax may not hurt the poor person so much.  I think 0 times 10% still equals ?
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PostIcon Posted on: Sep. 16 2009,19:00 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Mommy Dearest @ Sep. 16 2009,21:59)
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(GORDON @ Sep. 16 2009,18:20)
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This is an arbitrary tax on energy production based on "carbon production."

A rich person might pay .05% of their income on energy needs.

A poor person might pay 10% of their income on energy needs.  

Increase each of those numbers by any percentage, and who does this increase hurt more?

"People who make less than $200k will not pay a dime of extra taxes."  I knew at the time he said it he was a lying sack of shit, I said so in these forums, and I have scorn for those who were stupid enough to believe him.

no a 10% increase in tax may not hurt the poor person so much.  I think 0 times 10% still equals ?

But I will go back and read the bill and see what it is all about.  And no I am not mocking any single member of this forum.  I for one was a Republican before they dropped fiscal responsibilty from the platform.
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PostIcon Posted on: Sep. 16 2009,19:54 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
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I for one was a Republican before they dropped fiscal responsibilty from the platform.


True story, but that doesn't make the Dems better by default.
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PostIcon Posted on: Sep. 16 2009,20:19 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Mommy Dearest @ Sep. 16 2009,21:59)
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(GORDON @ Sep. 16 2009,18:20)
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This is an arbitrary tax on energy production based on "carbon production."

A rich person might pay .05% of their income on energy needs.

A poor person might pay 10% of their income on energy needs.  

Increase each of those numbers by any percentage, and who does this increase hurt more?

"People who make less than $200k will not pay a dime of extra taxes."  I knew at the time he said it he was a lying sack of shit, I said so in these forums, and I have scorn for those who were stupid enough to believe him.

no a 10% increase in tax may not hurt the poor person so much.  I think 0 times 10% still equals ?

It will equate to an increase on their energy bills, which they still pay.

I don't know why you seem to be a fan of this.

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PostIcon Posted on: Sep. 16 2009,20:40 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
But the consumers won't be taxed, those evil energy companies will.  So the poor won't pay any more than they are now, silly!

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PostIcon Posted on: Sep. 17 2009,05:42 Skip to the previous post in this topic.  Ignore posts   QUOTE
Riiiight.  And people think corporations actually ever pay tax.  It makes me sad.

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