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.
In minimal amounts. You know as well as I do, the process of photo synthesis...nevermind, what is the point of your post?
5.56mm
He’s out of there and on the streets in 2 years tops.
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I wish. But how ?
If carbon emissions are a problem outlaw them, why the F would you have businesses pay the government for them? This is all so insane.
5.56mm
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Yep!
Obama and the Socialist Congress are well on their way to destroying capitalism and freedom. They intend to resurrect the USSR here in the USA.
Ah ... so this is Obama's plan to destroy the transportation industry.
So will Air Force One be forced to pay a tax for the CO2 it generates? How about all federal equipment??
Fedex and UPS and every truck line will go out of business on this one.
Folks it is just beginning. You have not seen nothing yet.
Not to mention that humans actually exhale C02. Taxed for breathing.
Relax, guys. The tax will be implemented only if these businesses EXCEED a certain amount of gases.
This is exactly how we have to talk about what he and the Congress are doing. They are not incompetent dilettantes making stupid and rookie mistakes. They are evil leftists who are running the playbook—undermine confidence in the financial system, cripple free enterprise, make more people dependent on government, silence dissent...
Long past time for people to wake up.
“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 “
This is another Marxist wealth confiscation and redistribution scheme.
What’s next? A fart tax?
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Why, yes! They are ready to tax farmers for cow flatulence aren’t they?
People have to be told about the results of any energy tax like 0bama is talking about. It’ll kill their jobs and it’ll kill their budgets. People should be educated that to avoid wrecking the economy, they should tell their congresscritters that if they pass this energy bill or anything like it, their Congressional careers will end at their next election.
That quote explains it all, doesn’t it?
Unfortunately for him and the liberals, they aren’t expecting this will p!ss off a majority of people everywhere and they will force a liberal Congress to not play along.
I take it you haven't checked out the level at which the tax kicks in?
Carbon is the basic building block of life. Plants need CO2 to live.
Again, please tell me how carbon is bad.
Businesses are made up of the public, and they have more right to the sky than the federal government does.
5.56mm
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