Obama to Propose Massive Greenhouse Gas Tax

Saturday, February 21, 2009 | Kristinn

[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.

[BenLurkin]

Hussein is determined to fulfill his mission of destroying the American economy.

Just plain evil — no other word for it.

[FlingWingFlyer]

Of course, this “tax” will be passed on to the consumer. Hey America! How’s that “hope and change” thing going so far!?

[magellan]

bttt

[2ndDivisionVet]

We’re already *this close* to a tax revolt in this country. This would be the straw that broke the camel’s back...

[traditional1]

Wonderful!

On top of the burden of funding non-productive and irresponsible folks who will get all the benefit of my tax dollars, I can look forward to paying additionally for energy, which will incorporate their costs to meet the taxes they must submit to The Messiah and the Socialist crowd in D.C.

There's no end to how much it will cost those with INCOME (as opposed to those who live off others via government handouts) as we continue this "share-the-wealth" bullsh$t.

[stboz]

Viva la Revolucion!

[Huskrrrr]

Good! About time these companies are made to pay for global warming. Oh, wait a minute I work for one of these companies.

[LibFreeOrDie]

Mr. Obama would have the government use most of the revenues for relief to families to offset higher utility bills

Obama quote: "...electricity rates would necessarily skyrocket."

Another redistribution of wealth scheme...

[4Speed]

The Greenhouse Gas Tax is STEALING....plain and Simple. Americans are smarter than a 5th Grader, even if Harvard Graduates are not.

Obama should be handcuffed and prosecuted for Theft if he proceeds with this, and Pelos and Reid should go to jail with him.

[Dallas59]

He’s out of there and on the streets in 2 years tops.

[Errant]

Thats only about $5,000 per family of 5 per year... Chum change /s

[Mad_Tom_Rackham]

Massive, massive, massive tax increases. We are being destroyed from within! God damn these bastards!

[hugorand]

By the end of his term there will be cameras on every street corner to enforce his wacked out policies.

[Diogenesis]

---

Rep. Kanjorski: $550 Billion Disappeared in "Electronic Run On the Banks"
"On Thursday Sept 15, 2008 at roughly 11 AM The Federal Reserve
noticed a tremendous draw down of money market accounts in the USA
to the tune of $550 Billion dollars in a matter of an hour or two.
Money was being removed electronically.
The treasury tried to help with $150 Billion.
But could not stem the tide.
It was an electronic run on the banks
The treasury intervened but had they not closed down the accounts
they estimated that by 2 PM that afternoon.
Within 3 hours. $5.5 Trillion would have been withdrawled
and collapsed and within 24 hours the world economy."

---

FLASHBACK: from 9/15/08:

“U.S. President George W. Bush said Monday he is confident
that the markets are resilient and can deal with the latest financial blows.
“We are working to reduce disruptions and minimize the impact
these financial market developments on the broader economy.” ...

U.S. Democratic presidential candidate Barack Obama
said eight years of Bush “brought us the most serious financial crisis
since the Great Depression.”

His Republican rival said John McCain said he was happy the
federal government decided not to use taxpayer dollars to bail out Lehman Brothers.”

How did Obama know THEN
that we would experience the ‘most serious financial crisis since the Great Depression’
when those who did not plan the takeover would not know for three more months?

---

October 10, 2008, another massive selloff.

---

Saul Alinsky, The Latter Rain: "There's another reason for working inside the system.
Dostoevsky said that taking a new step is what people fear most.
Any revolutionary change must be preceded by a passive,
affirmative, non-challenging attitude toward change among the mass of our people.
They must feel so frustrated, so defeated, so lost,
so futureless in the prevailing system that they are willing
to let go of the past and change the future.
This acceptance is the reformation essential to any revolution."

[Recovering_Democrat]

See This: Road To Serfdom

[M Kehoe]

Good evening.

Obama to Propose Massive Greenhouse Gas Tax

If green house gas emissions are eliminated, that means people and trees will die.

For you liberals/socialists/democRATS out there, people exhale CO2, and trees inhale CO2. Ya'all are a bunch of richard craniums.

5.56mm

[FUBO]

Bend over America.

May as well grab your ankles as we’re gonna be in that position for a while.

[txnativegop]

God, Obama is tenacious isn’t he. Add this to the Cap-n-Trade program sponsored by own congress critter Rep. Rick Boucher (D - 9th Va) and utilities will be spiking way way up.

don’t ya just love it when a plan comes together.

[perfect_rovian_storm]

What are you gonna do with $5k? Buy a pair of earrings?