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  • Obama to Propose Massive Greenhouse Gas Tax

    02/21/2009 5:36:16 PM PST · by kristinn · 333 replies · 15,480+ views
    Saturday, February 21, 2009 | 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...