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  • Sarah Palin was right: Obama Admin. admits Cap and Trade will raise taxes

    09/16/2009 2:11:55 PM PDT · by Josh Painter · 20 replies · 1,527+ views
    Texas for Sarah Palin ^ | Wednesday, September 16, 2009 at 4:00 PM | Josh Painter
    TWS' Michael Goldfarb at The Blog quotes a CBS News story: 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.Remember how the Obamunists beat up on Sarah Palin for...