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The Cost of 'cap and trade'

Discussion in 'Political Debate & Discussion' started by carpro, Sep 16, 2009.

  1. carpro

    carpro Well-Known Member
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    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 Well-Known Member

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    Bankruptcy! That is what I have been saying Obama wants.
     
  3. billwald

    billwald New Member

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    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 Member
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    That's what it is, a tax hike.
     
  5. carpro

    carpro Well-Known Member
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    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 New Member

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    Don't worry about it. C&T won't pass.
     
  7. carpro

    carpro Well-Known Member
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    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 Well-Known Member
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