The Cost of 'cap and trade'

Discussion in 'Politics' started by carpro, Sep 16, 2009.

  1. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    http://www.cbsnews.com/blogs/2009/09/15/taking_liberties/entry5314040.shtml

    Obama Admin: Cap And Trade Could Cost Families $1,761 A 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.
     
  2. OldRegular

    OldRegular
    Expand Collapse
    Well-Known Member

    Joined:
    Nov 21, 2004
    Messages:
    22,678
    Likes Received:
    53
    Bankruptcy! That is what I have been saying Obama wants.
     
  3. billwald

    billwald
    Expand Collapse
    Banned

    Joined:
    Jun 28, 2000
    Messages:
    11,414
    Likes Received:
    0
    Well, if the taxes are used to help balance the budget then it is a good thing.

    I am suspicious of any story about something "costing" without giving us the other side of the balance sheet.

    For example, "alcohol costs . . . ." If you Baptists got your prayers answered and the entire US went on the wagon over night then you would see what a real depression is like. And all because you forgot to ask God to simultaneously provide jobs for the displaced workers. <G>
     
  4. Aaron

    Aaron
    Expand Collapse
    Member

    Joined:
    Sep 4, 2000
    Messages:
    15,668
    Likes Received:
    225
    That's what it is, a tax hike.
     
  5. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    Can't be.

    Obama promised no middle class tax increases.

    Wonder how the poor will come up with the extra money?
     
  6. Magnetic Poles

    Magnetic Poles
    Expand Collapse
    New Member

    Joined:
    May 16, 2005
    Messages:
    10,407
    Likes Received:
    0
    Don't worry about it. C&T won't pass.
     
  7. carpro

    carpro
    Expand Collapse
    Well-Known Member

    Joined:
    Oct 14, 2004
    Messages:
    20,927
    Likes Received:
    296
    It is instructive that the white House kept this report in the bag until it passed the House , and then it had to be obtained by an FOI request.

    Obama is fundamentally dishonest. He doesn't care what or who it costs as long as he gets what he wants.
     
    #7 carpro, Sep 16, 2009
    Last edited by a moderator: Sep 16, 2009
  8. HankD

    HankD
    Expand Collapse
    Well-Known Member

    Joined:
    May 14, 2001
    Messages:
    15,159
    Likes Received:
    322

Share This Page

Loading...