I won !!!
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.
Sad thing is that no matter which of the two pant-loads would’ve won in Novemeber, this was going to happen.
Just how much do you think it will take to be "taxed" under Obama? Will the remaining US manufacturing companies please turn out the lights as you leave, thank you.
The big money grab of all time
Should double your electric bill overnight. Here’s your Dope and Change right here!
Pray for America, Our Troops and Gov Palin
MILEAGE TAX PROPOSED BY GOVERNMENT ON HOW FAR YOU DRIVE
The HANNITY SHOW | 03/11/09 | Kackikat
Posted on 02/21/2009 4:01:37 AM PST by Kackikat
http://www.freerepublic.com/focus/f-news/2190658/posts
You just gotta know... its SUN SPOTS!
Prima facie evidence of Obama’s incompetence and total lack of fitness to hold office.
The sun? C’mon, April, how could it warm the planet? It’s so far away!!!
But it seems that the sidewalk con man is just switching the pea around under those cups on them. No income tax, just air tax.
The only change Zero has brought is Spend and Tax, not Tax and Spend.
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 president will propose to tax the investment income of hedge fund and private equity partners at ordinary income tax rates, which are now as high as 35 percent and could return to 39.6 percent under his plans, instead of at the capital gains rate, which is 15 percent at most
Mr. Obama will also call for letting the Bush tax cuts on income, dividends and capital gains lapse after 2010 for individuals who make more than $250,000 a year. But while the top rate for income would rise to 39.6 percent, the top rate for capital gains and dividends would be 20 percent.
As for war costs, Mr. Obama’s campaign projected that withdrawing combat troops from Iraq would save about $90 billion a year. But it is not clear how much any savings would be offset by increased spending in Afghanistan, where Mr. Obama has ordered an additional 17,000 troops, bringing the total there to 56,000.
The budget will provide the first clues to how Mr. Obama will reassert fiscal discipline after signing into law a $787 billion economic recovery plan. As difficult as cutting the deficits will be, much of the reduction by the end of his term will simply reflect an end to spending from the two-year stimulus package and — assuming the economy recovers — higher tax revenues and lower expenditures for safety-net programs like unemployment compensation.
Mr. Obama will propose cutting a variety of programs, including the Medicare Advantage subsidies for insurance companies that cover seniors who can otherwise acquire health coverage directly from the government. Another target is spending on private contractors, especially for defense, which spiked during the Bush administration. And he will scale back some promises, including his proposal to double money for foreign aid.
Unfreakingbelievable!
Evil and all before 1st 100 days. Alinsky’s Rules for Radicals. CHICAGO POLITICIANS ARE EVIL. BHO is evil. He hates this country and so does his mao lovin’ wife.
Our power bills are already high. I guess no more appliances, lights, heat or air. It could become like Costner’s Postman movie. No more trucks to deliver food to grocery stores: no more food (except for the beltway).
All the research we did on BHO. He was raised by communists, nurtured by communists, weather underground, radicals. This is what we got but the media should be held ACCOUNTABLE for helping destroy the country. BOYCOTT G.E., NBC, MSNBC, CNBC, BRAVO, etc. Any NBC stuff. Even Jay Leno, folks.
You could be correct, I am said to say. (hanging head and sighing . . . )
Is there a portfolio on him somewhere on FR?
I know.... but its soooo pretty!
April April April! If you can’t tax it what good is it?
LOL! No, but that's okay. There are now Tea Parties being formed all across the nation.
My thoughts are hold the tea parties now, file extensions on April 15th, then hold a massive march in DC (with marches on every state house across the USA) on October 15th waving then burning the extensions. But, that's just me. ;*)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.