{"id":6657,"date":"2009-09-16T19:43:22","date_gmt":"2009-09-16T19:43:22","guid":{"rendered":"http:\/\/blog.beliefnet.com\/reformedchicksblabbing\/2009\/09\/obama-administration-cap-and-t.html"},"modified":"2009-09-16T19:43:22","modified_gmt":"2009-09-16T19:43:22","slug":"obama-administration-cap-and-t","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/reformedchicksblabbing\/2009\/09\/obama-administration-cap-and-t.html","title":{"rendered":"Obama administration: Cap-and-tax will cost each household $1761 per year"},"content":{"rendered":"

Well, lookey here! The Obama administration has to admit (because of the Freedom of Information Act) how much the cap and tax will cost the average American and it ain’t cheap!<\/p>\n

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.
\nA 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. <\/p><\/blockquote>\n

I don’t know about you but we can’t afford it things are pretty tight and with losing the Bush tax cuts, it’s going to be even worse. Of course they’ll spend billions giving the poor a hand (which they should since they’re overburdening them) but they won’t help the middle class who is constantly getting squeezed. Just what we need in a recession.
\nAnd really, what does our $1761 buy us?<\/p>\n

“They’re not telling you the cost — they’re not telling you the benefit,” says Horner, who wrote the The Politically Incorrect Guide to Global Warming<\/a>\"\". “If they don’t tell you the cost, and they don’t tell you the benefit, what are they telling you? They’re just talking about global salvation.” <\/p><\/blockquote>\n

How do we know when the planet is saved?
\n(via<\/a>)<\/p>\n","protected":false},"excerpt":{"rendered":"

Well, lookey here! The Obama administration has to admit (because of the Freedom of Information Act) how much the cap and tax will cost the average American and it ain’t cheap! 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