Obama Budget Contains More than $1.6 Trillion in Tax Increases... Possibly As Much As $2.2 Trillion

Passing off the Carbon Tax as "climate revenues," Obama hides largest tax increase in bloated big-government budget

CHESAPEAKE, Va., March 2 /PRNewswire-USNewswire/ -- While some media outlets are reporting more than $1 trillion in new taxes in the Obama budget, Grassfire.org has identified more than $1.6 trillion, and possibly as much as $2.2 trillion.

"The President's 'carbon tax' is the single biggest tax-increasing item in his budget, and the largest in history," says Steve Elliott, President of Grassfire.org. According to Grassfire.org researchers examining the official published documents on the budget, the $645 billion in carbon taxes pushes the total tax increases in President Obama's budget to a minimum of $1.64 trillion. Go here for a complete breakdown: http://www.resistnet.com/profiles/blogs/obama-budget-more-than-16

Elliott adds that $1.6 trillion is just the starting point: "The Obama budget only accounts for the portion of the carbon tax being allocated to so-called 'clean energy technologies' and the 'Make Work Pay' tax credit. If Congressional Budget Office estimates are correct, the actual carbon tax could be double what Obama's budget shows. That dramatically increases the new taxes in the Obama budget to $2.2 trillion," says Elliott.

Elliott also notes that Americans who are faced with tightening personal budgets are growing more and more intolerant of the spending ways of Washington. "The President is right that a 'day of reckoning' is coming, but that reckoning will take the form of citizens who are fed up with politicians expanding the tentacles of government deeper and deeper into our lives and our pocketbooks."

Many of those frustrated Americans have already added their names to a national Grassfire.org petition that has already rallied over 100,000 citizens urging Congress to "Stop the Spending." To view the petition: http://www.grassfire.org/112/petition.aspWebsite: http://www.grassfire.org/112/petition.asp/
Website: http://www.resistnet.com/profiles/blogs/obama-budget-more-than-16/

1 posted on 03/02/2009 3:05:47 PM PST by Delacon

To: steelyourfaith; xcamel; neverdem; Tolerance Sucks Rocks

2 posted on 03/02/2009 3:06:27 PM PST by Delacon ("The urge to save humanity is almost always a false front for the urge to rule." H. L. Mencken)

We are going to have to fight.

3 posted on 03/02/2009 3:06:43 PM PST by screaminsunshine (f)

I hope all the losers who voted for Obama lose their shirts because of these new taxes.

4 posted on 03/02/2009 3:07:39 PM PST by pnh102 (Save America - Ban Ethanol Now!)

Sad part is that pretty sure McCain would have signed onto the carbon credit cap and trade thing anyways.

5 posted on 03/02/2009 3:08:03 PM PST by Domandred (Hope is the first step on the road to disappointment.)

To: Delacon; Defendingliberty; WL-law; Genesis defender; proud_yank; FrPR; enough_idiocy; Desdemona; ...

6 posted on 03/02/2009 3:08:26 PM PST by steelyourfaith (How many face lifts were required before the Speaker began speaking from her anal orifice?)

“Sad part is that pretty sure McCain would have signed onto the carbon credit cap and trade thing anyways.”

The happy part is that nobody thinks McCain is in any way ever again going to be a leader within the republican party. On top of that, his cohorts seem to be running for cover. Not a good time to be a RINO in the republican party IMHO.

7 posted on 03/02/2009 3:13:45 PM PST by Delacon ("The urge to save humanity is almost always a false front for the urge to rule." H. L. Mencken)

NASA ................................................................ $11 billion per year
War on Terror (through protection of President Bush) .... $10 billion per month
Entire US Budget Deficit in FY 2007 .............................. $162 billion.

8 posted on 03/02/2009 3:16:28 PM PST by Diogenesis (Quis custodiet ipsos custodes?)

We are so F-ing screwed.

9 posted on 03/02/2009 3:17:35 PM PST by big'ol_freeper ("From hell's heart I stab at thee... I spit my last breath at thee." ~ Khan Noonien Singh)

To: big'ol_freeper

***((FoxNews said yesterday this carbon tax will add at least $1.27 to a gallon of gas.

*** But the real kicker is that it will increase our electric bills by more than 60 percent.
That means if your electric is about $100.00 pr month now, it will become $160.00 one day soon.

10 posted on 03/02/2009 3:27:26 PM PST by Kackikat

talk about a giant sucking sound

11 posted on 03/02/2009 3:51:18 PM PST by GeronL (Will bankrupting America lead to socialism?)

I am so %&)#^$&)%&)&)#(U)*R&%(#$ SICK about this. Time and time again they take and take and take. I am getting to my breaking point.

I DON'T HAVE ANY MORE MONEY TO GIVE YOU *^(#&$()^&#($&RS. NO MORE NO MORE NO MORE NO MORE!!!!!!!

12 posted on 03/02/2009 4:03:15 PM PST by New Perspective (Proud father of a 5 year old son with Down Syndrome. He's a wonderful gift.)