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."
Cap and Trade is a Massive Tax Hike
Administration concludes it will be like a 15% tax increase.
It's not me, it's someone else.
Interesting ending to that article.
I wonder why such cover ups aren't bigger news...?
I wonder why such cover ups aren't bigger news...?
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
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To be fair, I hardly think this is an issue where either party "wins"Mommy Dearest wrote: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.
It's not me, it's someone else.
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 1253141645
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 1253141645
"Be bold, and mighty forces will come to your aid."
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I know you're not mocking anybody in this forum, because there's not a single person here who advocates government spending.Mommy Dearest wrote: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.
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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- Joined: Tue May 25, 2004 12:59 pm
no a 10% increase in tax may not hurt the poor person so much. I think 0 times 10% still equals ?GORDON wrote: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.
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- Posts: 1393
- Joined: Tue May 25, 2004 12:59 pm
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.Mommy Dearest wrote:no a 10% increase in tax may not hurt the poor person so much. I think 0 times 10% still equals ?GORDON wrote: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.
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.
"Happy slaves are the worst enemies of freedom." - Marie Von Ebner
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
"It was always the women, and above all the young ones, who were the most bigoted adherents of the Party, the swallowers of slogans, the amateur spies..." - Orwell
It will equate to an increase on their energy bills, which they still pay.Mommy Dearest wrote:no a 10% increase in tax may not hurt the poor person so much. I think 0 times 10% still equals ?GORDON wrote: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.
I don't know why you seem to be a fan of this.
"Be bold, and mighty forces will come to your aid."