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.
“”Dude, gold is going to $1,200/oz. Monday.””
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Maybe not quite to $1,200 on Monday, but pretty darn soon. Article this evening at Bloomberg News, says Japan, South Korea, and China are flipping Barry the bird and pretty much saying they won’t be buying the massive debt this country is going to have to sell under Obanomics.
That leaves the printing presses.
It ain't HIS revolution I'm refering to.
And neither does the US government.
What makes him think that the government should profit from the pollution that is created?
Oh foolish me. Just another tax and spend liberal.
What a maroon!
300 billion per year for a non-existent problem.
Well, at the rate the Treasury is printing money, I suppose by that time a loaf of bread will be 300 trillion dollars.
My husband works in a coal-fired electric plant. o’dumbo
is trying to put my husband out of a job. Now how in the heck is the economy going to be helped by cutting the jobs of tens of thousands of people employed in the coal industry.
And demonizing the private jet industry is another economic downer: When the local Gulfstream plants lays off employees, then it trickles down to the restaurants, auto dealers, grocery stores, home depot, etc. etc.
Oh, and at least half of the employees at my husband’s plant are black. Wonder how they’re gonna feel about hussein after he costs them THEIR jobs.
Carbon credits are a tax under the guise of doing the right thing for planet earth. There is an endless line of political hacks in line wating to skim the proceeds. We need a serious revolt a new party that throws out the hacks. They ain’t listening.
What a REAL scientist has to say:
Part1:
http://www.youtube.com/watch?v=FOLkze-9GcI
Part2:
http://www.youtube.com/watch?v=vN06JSi-SW8
Part3:
http://www.youtube.com/watch?v=iCXDISLXTaY
Part 4
http://www.youtube.com/watch?v=bpQQGFZHSno
In plants, some of the CO2 becomes fixed as the "woody" part of the plant. Some gets converted into sugars and starches. The plant can use the sugars and starches for energy in the absence of light. It is under that circumstance that CO2 is emitted. Under conditions where light is present, photosynthesis is actively supplying the energy necessary to fix CO2 into useful carbon compounds (sugar, starch, amino acids, cellulose). In general, plants cause a net intake and fixation of CO2. Soil bacteria assist by fixing nitrogen as nitrates that are soluble and used in the production of amino acids.
Bend over America.
May as well grab your ankles as we’re gonna be in that position for a while.
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go ahead! Not my style. Zer0 will love that though. Right up his alley. Watch out when he gets behind you.
It ain’t HIS revolution I’m refering to.
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Neither was I referring to his. ; )
–That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.
If you can’t close the price gap, by making “green” energy cheaper — simply make the old standbys more expensive.
Then you provide Energy Welfare. Here in Missouri this is how it is done.
Missouri Department of Social Services (Welfare Missouri)
Low Income Home Energy Assistance (Energy Welfare)
The Missouri Low Income Home Energy Assistance Program (LIHEAP) has two components: Energy Assistance/Regular Heating (EA) and Energy Crisis Assistance Program (ECIP). EA is designed to provide financial assistance to help pay heating bills for Missourians during the months of October, November, December, January, February, and March.
Eligibility requirements for EA are based on income, family size, available resources and responsibility for payment of home heating costs.
Eligibility for EA may also qualify individuals for additional financial assistance through ECIP and/or weatherization services funded by LIHEAP.
Full information for Missouri is found at http://www.dss.mo.gov/fsd/liheap.htm
To see how it is done in your state: Goggle Energy Assistance , your state.
Just another way to "redistribute the wealth"
People you need to understand. He knows this will cripple the economy, he knows this will put people out of work, he knows that he will need to print money endlessly which will devalue the dollar. This is all in his (their) plan . . . taking America apart into a totalitarian state.
People say it’s time to revolt. I say I’m ready. Is it going to be planned, or is it just going to boil over at some point into total civil chaos. We need to get these people out of control. I pray that the CIA or some underground group has begun developing a strategy. At this rate, in six months we want recognize America.
And this jackass wants me to pay for the stupidity of his constituents?
Tea Party!
These clowns are in for a very rude awakening.
Keep in mind Paulson and Congress effectively nationalized the banks last September and McLsme was ready to screw us over with some kind of global warming scam. Better to have this one around Xero's neck once people see their bills and read more about what a scam this is.
Zero means zero republican votes!
Communism on the march. We must defeat communism.
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