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Title: Obama to Propose Massive Greenhouse Gas Tax ($300 Billion per year!)
Source:
NYTimes, El Pee, FReak Repugnant
URL Source: http://libertypost.org/cgi-bin/readart.cgi?ArtNum=256667
Published: Feb 21, 2009
Author: kristinn
Post Date: 2009-02-22 12:51:29 by Rotara
Ping List: *Obama Reality Check* Subscribe to *Obama Reality Check*
Keywords: None
Views: 333
Comments: 17
Posted on Saturday, February 21, 2009 7:36:16 PM 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. Poster Comment:
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Begin Trace Mode for Comment # 14.
#7. To: Rotara, *Agriculture-Environment* (#0)
You are so right. Obanger is just a continuation of bush and mcinsane would be the same. Some like lodwick still believe in the lesser of two evils. He supported bush in 2000 and look what we got with bush. They all are controlled by the same globalist pigs like david rockefeller. Some still don't get it. Loddie means well, but still believes there is a difference between the republicrats and demonwits. How sad!!!!!
I've never gotten that impression from him.
#16. To: farmfriend (#14)
You've known me long enough to know that I know the score.
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#9. To: farmfriend (#7)
#14. To: LACUMO, lodwick (#9)
Some still don't get it. Loddie means well, but still believes there is a difference between the republicrats and demonwits. How sad!!!!!
Replies to Comment # 14. I've never gotten that impression from him.
End Trace Mode for Comment # 14.