Posted on 09/16/2009 6:24:25 AM PDT by TheNewPundit
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.
(Excerpt) Read more at cbsnews.com ...
Cash for Clunkers,
Stimulus Package,
Gov’t takeover of GM,
Universal Healthcare,
When are people going to wake up and smell the socialism? Every one of these has just been another elaborate way of redistributing the wealth.
Gee, is that how much postage stamps cost??? Cuz my Congressman, Joe Sestak told me it wouldn’t cost anymore than a postage stamp per month. Yep, by golly, he sure did.
What a liar.
These people are either stupid or heartless.
There, fixed it.
Yeah, and Boston’s Big Dig was only going to cost $2.5 billion. (Up around $22 billion in actual costs now).
Why anyone would take this administration’s numbers seriously is a great mystery. We don’t need numbers from a guy who most likely cannot even read a balance sheet, and who talks about profit/earnings ratios.
Never has such wealth been spent on a pipe dream.(well, not since LBJ’s great society at least)
I worked all of my life for everything I have.
I retired at 53, I am now 60, and if these traitors keep this national theft up, I could find myself competing for a job at Walmart for a greater position.
This insanity MUST stop, by whatever means necessary.
greater position.= “greeter” position.
But...but...Democrats in Congress told me it would be no more than a “postage stamp a day.”
They wouldn’t lie, owuld they? Or were they talking about a $5 postage stamp?
We are in a world of hurt and they have just begun.
His security force,
immigration,
returning to having the so called ‘fairness doctrine’, for daily conservative commentators,
Cap and Trade
health care (cutbacks on Medicare)
HIGHER TAXES
redistribution process (of assets/monies)
One World government
Paying world taxes to the UN
and so it goes...
If he is not squashed by our legislative processes ... we are in a world of hurt.
PRAY God to help America.
“PRAY God to help America.”
Each and every day.
Too bad the MSM won’t be reporting this though the word will still get out. I would like to see those House Democrats who voted for cap and tax now explain to their constituents how burdening them with the equivalent of a 15% tax hike is such a good thing.
Let’s see, approximately $3000 a year for familes making $35,000 a year when the Bush tax cuts expire in 2010, another $1,761 a year for Cap and Tax, 13% of your income for the Senate heathcare reform ($4550 if making $35K), on top of unknown hike in income tax that I’m sure is coming! I sure hope those families making $35K a year can afford the $5K a year out of their pockets especially after the food prices jump because of water rations in CA!
Not to mention the inflation that inevitably must follow the printing of fiat money by the Obama administration.
Don’t look now, but inflation is lurking just down the road.
Liars.
The cascading ripples from higher energy costs will ensure far more than a couple of thou per fam per year.
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