Posted on 09/16/2009 12:05:47 PM PDT by fiscon1
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.
(Excerpt) Read more at cbsnews.com ...
They screw us any way they can.
This should be in the breaking news section not in blogger and personal.
X 5 or X 10 might be more in the vicinity.
Good grief...if that is what they admit to, what will the REAL cost be?
I’m surprised CBS news would put this out. No, “surprised” is not quite correct. “Shocked” would be more accurate.
this was written by a CBS blogger, and so I think the bloggers and personal section is appropriate.
$1761??? ... More like $5283!!!
On everything he’s tampered with, Obummer’s
math has been off at least threefold.
CBS says “These disclosures will probably not aid the political prospects of the Democrats’ cap and trade bill:
Um, no, I don’t this will help. More good work from the non-MSM who couldn’t be bothered to dig up this material. Looks like cap & trade is dead. Healthcare is near dead after the Baucus bill, which is being rejected already. Stimulus is, and the public believes it to be, a complete failure. The One has pretty much struck out on domestic policy. Now wonder the lefties are still just as shrill and angry as the use to be-The One doesn’t seem to be quite what they had hoped for.
Obama = Mentiroso
The greatest inequities are geographic and would be imposed on the parts of the U.S. that rely most on manufacturing or fossil fuels — particularly coal, which generates most power in the Midwest, Southern and Plains states. It’s no coincidence that the liberals most invested in cap and trade — Barbara Boxer, Henry Waxman, Ed Markey — come from California or the Northeast. Coal provides more than half of U.S. electricity, and 25 states get more than 50% of their electricity from conventional coal-fired generation. In Ohio, it totals 86%, according to the Energy Information Administration. Ratepayers in Indiana (94%), Missouri (85%), New Mexico (80%), Pennsylvania (56%), West Virginia (98%) and Wyoming (95%) are going to get soaked. Another way to think about it is in terms of per capita greenhouse-gas emissions. California is the No. 2 carbon emitter in the country but also has a large economy and population. So the average Californian only had a carbon footprint of about 12 tons of CO2-equivalent in 2005, according to the World Resource Institute’s Climate Analysis Indicators, which integrates all government data. The situation is very different in Wyoming and North Dakota — paging Senators Mike Enzi and Kent Conrad — where every person was responsible for 154 and 95 tons, respectively. See the nearby chart for cap and trade’s biggest state winners and losers. http://online.wsj.com/article/SB123655590609066021.html
Before the US adopts the silly cap-and-trade “market” approach to curbing carbon emissions, perhaps we should see what the recession has done to the European carbon market. http://hotair.com/archives/2009/02/25/carbon-trading-markets-collapse/ One day the phrase “cap-and-trade” will be remembered the same way that some of us remember the phrase “duck and cover”.
This is impossible because 0bummer is only going to raise taxes on the super-rich.....does this mean a waitress is super-rich?
We don’t have that kind of money. I will install a coal burning heater and buy a truck load of coal.
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