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Obama to Propose Massive Greenhouse Gas Tax
Saturday, February 21, 2009 | Kristinn

Posted on 02/21/2009 5:36:16 PM PST by kristinn

Barack Hussein Obama will propose a massive business tax on greenhouse gases in his FY 2010 federal budget to be presented this week.

The massive tax increase and power grab was buried at the end on article on Obama's forthcoming budget proposal in The New York Times:

On energy policy, Mr. Obama’s budget will show new revenues by 2012 from his proposal to require companies to buy permits from the government for greenhouse gas emissions above a certain cap. The Congressional Budget Office estimates that the permits would raise up to $300 billion a year by 2020.

Since companies would pass their costs on to customers, Mr. Obama would have the government use most of the revenues for relief to families to offset higher utility bills and related expenses. The remaining revenues would cover his proposals for $15 billion a year in spending and tax incentives to develop alternative energy.

The proposal is in keeping with a policy announcement candidate Obama made in 2007, as reported then by The Times:

"No business will be allowed to emit any greenhouse gases for free," Mr. Obama said in Portsmouth, N.H. "Businesses don’t own the sky, the public does, and if we want them to stop polluting it, we have to put a price on all pollution."

Obama famously said in 2008 he would make American citizens' electricity rates skyrocket under his plan:

"What I've said is that we would put a cap-and-trade system in place that is more -- that is as aggressive if not more aggressive than anybody else's out there, so if somebody wants to build a coal-powered plant, they can, it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.

"When I was asked earlier about the issue of coal, uh, you know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.

Regardless of what I say about whether coal is good or bad, because I'm capping greenhouse gases, coal-powered plants, you know, natural gas, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money, they will pass that money on to consumers. If you can't persuade the American people that, yes, there's going to be some increase in electricity rates on the front end, but that over the long term because of combinations of more efficient energy usage and changing lightbulbs and more efficient appliances, but also technology improving how we can produce clean energy, that the economy will benefit. If we can't make that argument persuasively enough, you -- you can -- you can be Lyndon Johnson, you can be the master of Washington, you're not gonna get that done."

Obama, of course, has no intention of persuading the American people, he's going to ram his Marxist agenda up their tailpipes.


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To: kristinn

Sooner or later that one particular headline is gonna appear . . .


201 posted on 02/21/2009 9:21:02 PM PST by tomkat
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To: kristinn

So, he’s still hell bent on doing in the coal industry, even though current consensus is that global warming is no longer a threat?


202 posted on 02/21/2009 9:23:16 PM PST by metmom (Welfare was never meant to be a career choice.)
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To: Tolerance Sucks Rocks
And here he and Congress could simply appropriate some money or write up a tax break as an incentive for companies to develop clean technologies and more efficient CO2 sequestration. But no, he'd rather make us all miserable as he imposes control on every sector of the economy.

That's exactly what it's all about.....Control...

But just not over every sector of the economy, but every facet of our lives.

203 posted on 02/21/2009 9:36:32 PM PST by metmom (Welfare was never meant to be a career choice.)
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To: kristinn

This SOB will take us all down. A massive tax increase on business, in the middle of a recession we are too sickened to start to calling a depression?

We are trapped in a lifeboat with a deranged man. who has started to smash apart the boat,,,,

America is the earth’s lifeboat nation,,,there is no place left to flee to.


204 posted on 02/21/2009 9:38:25 PM PST by DesertRhino (Dogs earn the title of "man's best friend", Muslims hate dogs,,add that up.)
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To: screaminsunshine
What State can I walk into a book store and not be bombarded with tables full of Obama books and racks full of Obama magazines.. I know it's Black History month, but I betcha it won't end there..
205 posted on 02/21/2009 9:39:35 PM PST by divine_moment_of_facts
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To: BenLurkin
Hussein is determined to fulfill his mission of destroying the American economy.

It's not Hussein. Hussein is just the idiot figurehead leader of the party. You could put Democrat X in place of Hussein and the policy proposals coming out of the White House would be identical. For us to bitch and whine about this is pointless. We knew this was going to happen,if not so much so soon. Short of winning back a majority in Congress there is little we can do.

206 posted on 02/21/2009 9:40:24 PM PST by libh8er
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To: kristinn

Is the government going to have to buy carbon credits?

More to the point: Will the Office of the President have to pay carbon credits for all that 747 pollution?

Or does the Messiah own the sky?


207 posted on 02/21/2009 9:42:40 PM PST by cookcounty (Impeach President dOOm!)
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To: BenLurkin

I love how Obama’s plan to cut the deficit is heavily dependent upon the release of greenhouse gasses.


208 posted on 02/21/2009 9:42:46 PM PST by GOPyouth ("Uhhhhhhhhhh." - President B. Hussein Obama)
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To: scott7278
Why doesn’t Obama just go out, plant some trees, and leave the rest of us alone?

Because this has nothing whatsoever to do with CO2, glowbull warming, or saving the planet. This is a tool designed to aid in wealth redistribution. Period.

209 posted on 02/21/2009 9:47:02 PM PST by InfraRed
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To: Tolerance Sucks Rocks
Is that right away, or in some arbitrary year that he chose (e.g., 2050)?

The latter. It's a number that justifies, "We have to do all we can," without accountability or efficacy, otherwise known as "selective and situational enforcement."

210 posted on 02/21/2009 9:48:59 PM PST by Carry_Okie (The fouth estate is the fifth column.)
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To: InfraRed

Yep!


211 posted on 02/21/2009 9:55:17 PM PST by scott7278 (It's time to rattle, folks! Don't tread on us!)
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To: Rome2000
I guess if enough people just amended their W-4 to reflect no witholding and then didn't pay on April 15 there wouldn't be enough jails to hold them all.

It isn't illegal to file for an extension is it? What if millions of people filed for extensions and just kept making legal excuses to put off paying?

212 posted on 02/21/2009 10:07:31 PM PST by TigersEye (This is the age of the death of reason.)
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To: kristinn; ex-Texan; Travis McGee
I do see financial market trading greenhouse gas permit. Perhaps the next bubble in the works?
213 posted on 02/21/2009 10:09:48 PM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: TigersEye
You only get extensions for 4 to 6 months.

Bottom line is that the GOP has to have leaders that will take up the cause of the people who pay taxes and start fighting the class war against the lazy sons of bitches who voted for a socialist and are now being rewarded by him.

Why the GOP does not counter attack in the class war is dumbfounding, it's a one way street.

The message to taxpayers should be to give yourself a W-4 tax cut today and send Hussein an IOU on April 15.

214 posted on 02/21/2009 10:14:00 PM PST by Rome2000 (Peace is not an option)
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To: expatpat
So what? They take in more Co2 during the day than they release at night.

My point is that CO2 is a normal, natural part of living processes. The damn politicians have no business labeling it as a "pollutant" and trying to destroy the economy by taxing it.

215 posted on 02/21/2009 10:26:55 PM PST by Myrddin
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To: kristinn; Genesis defender; proud_yank; FrPR; enough_idiocy; Desdemona; rdl6989; Little Bill; ...
 




Beam me to Planet Gore !

216 posted on 02/21/2009 10:27:38 PM PST by steelyourfaith (A Nation of Cowards (???) ... A Cabinet of Morons !!!)
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To: kristinn

Good! Every time he opens his mouth he should have to pay!!!


217 posted on 02/21/2009 10:30:12 PM PST by April Lexington (Study the constitution so you know what they are taking away!)
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To: LottieDah
What’s next? A fart tax?/i>

Ask any dairyman. That has already been proposed!

218 posted on 02/21/2009 10:31:13 PM PST by April Lexington (Study the constitution so you know what they are taking away!)
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To: LottieDah
What’s next? A fart tax?

Sure, why not? It wouldn't be difficult to do. They just come up with a scientific evaluation of the average amount of flatulence created by eating a specific quantity of beans, broccoli, etc. and levy the tax on those products.

It's just a darned shame that it will hit vegetarians and vegans more than meat eaters but, as VP Biden said, "it's time to be part of the deal."

219 posted on 02/21/2009 10:31:18 PM PST by TigersEye (This is the age of the death of reason.)
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To: kristinn

SOILENT GREEN IS PEOPLE!!!!!!!!!!!!!!!!!!!


220 posted on 02/21/2009 10:32:35 PM PST by April Lexington (Study the constitution so you know what they are taking away!)
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