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.
Al Gore was unsuccessful in getting people to buy into his global warming scam. Only fools would purchase "carbon credits". Now, the government is going to take the "voluntary" act of foolishness and convert into an involuntary tax.
Sorry, but I’m afraid there may not to be another election...
There you have it - Obama owns the sky.
Why doesn’t Obama just go out, plant some trees, and leave the rest of us alone?
speak for yourself, newbie.
But, But, I make less than 250k per year so my Taxes certainly won’t go up..... Right? Obama promised no taxes for me...
Oh thats right it will be those evil Gas and Electric Corporations that screw me right?
Republicans better get out front on all this and very quickly.
I just went to at least three different science sites and even asked my home schooled children. Plants absorb most of the CO2 that they use at night, and use it during the day for photosynthesis. Plants never exhale CO2 while living. Without CO2 plants will begin dying back and you will really see a desert. There has actually been some scientific study showing that the reason we have been having bumper harvests in the last few years is the higher levels of CO2.
Dude, gold is going to $1,200/oz. Monday.
We’re already *this close* to a tax revolt in this country. This would be the straw that broke the camel’s back...
________________
We are pretty much at the now or never time.
That is a technically incorrect statement: In fact, it will only be paid by those above a certain income level. Those below will be subsidized to cover it. You will "carry the water" and others will "drink it".
Yep. I’ll say!
Have no fear. Zero will wait a few days then announce he has no plans to impose a greenhouse tax on us and he’ll be opposing it as the democrats bring it to his desk and he’ll still oppose it as he signs it into law.
Viva la Revolucion!
It would seem that it’s coming. doesn’t look good. We have an out of control tyrant. I wonder how many more states will file cases this week? It’s up to what? 23 now? Almost half.
There's nothing to add. It's the perfect description.
“Obama would have the government use most of the revenues for relief to families to offset higher utility bills and related expenses.”
After it’s “laundered” through the government of course. I’ll tell you, the Mafia has absolutely nothing on this administration and Congress.
The way he flies around in Air Force I everyday - I think you're right.
By the end of his term there will be cameras on every street corner to enforce his wacked out policies
________________
That’s going to be real expensive as they are shot at an demolished by angry Americans. Guess he better have a works task force for replacing camera hit with rocks, pellets, bb’s, and .22’s.
Have you?
It’s time to act. The time for talking is over.
______________
Agree, what’s the plan. We need to revolt now. There is nothing left to talk about. Our suspicions have been confirmed and even some of the DUmmies are onto him now. Go read their board.
“Sorry, but I’m afraid there may not to be another election...”
Could be, so let’s make sure we support conservatives in their elections for Congress who will fight against Obama for life.
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.