Beam me to Planet Gore !
Posted on 03/18/2009 5:12:44 AM PDT by Joiseydude
I’ve already explained here on the Forum how the cap-and-trade energy tax works, and would be the biggest tax increase in the history of the country. Now, amazingly, the White House is telling something closer to the truth about this tax hike, admitting that the official budget estimate of $646 billion over 8 years—already a mighty steep price to pay—is far, far lower than the real cost.
The deputy director of the White House National Economic Council, Jason Furman, is giving us a glimpse at the real number, telling Senate staff the energy tax scheme would actually raise “two-to-three times” the budget’s official $646 billion revenue estimate.
If Furman is right that the real tax hike would be two or three times the official budget estimate—and it’s likely still a lowball—that would mean the actual tax hike would run well into the trillions, roughly between $1.3 trillion and $1.9 trillion between fiscal years 2012 and 2019.
(Excerpt) Read more at foxforum.blogs.foxnews.com ...
Socialist lying about policy tax implications?
I’m shocked!
Shocked that the truth leaked out so early....
Who Pays for Cap and Trade?
Hint: They were promised a tax cut during the Obama campaign.
http://online.wsj.com/article/SB123655590609066021.html
This will finish the Country.
Pray for America
Liberals, like dog crap you accidentally get on your shoes.
Congress is in it for themselves.
If the Republicans had any sense of history they would do to the DemocRATS what they did in the 90s to Newt and DeLay - use Dodd and Gaither as two faces of the corrupt party. They would tell everyone and they would run advertising via their 521 groups about “The same people who are running TARP and Paying Bonuses have their own problems. What is wrong with Obama that he chooses to let these guys run the bailout??” Put a face to corruption and bad policy. But not the President as the target...let the people figure that out.
Cap and Trade is a scam Madoff would be proud of.
“If they are admitting Cap and Trade is going to cost triple their official estimate you can bet they know it is going to cost 10 times more.”
Well, their revenue models almost certainly don’t reflect the actual slowdown in economic activity that will result from this huge drag on the economy. They might wish for triple the yield, but my guess is that their original estimate will turn out to be far closer to the mark than they’d hoped.
A lot of small and micro business would have to close if their energy bill tripled....then you get a bigger % of zero. You would think even greedy government types could figure out you can’t taz thin air. But this seems to be lost on them.
More people would be driven from their homes as energy costs come close to exceeding their mortgage cost. Even if it didn’t, it would be the tipping point.
Nationalized energy anyone?
Steven Chu, In an interview with The Post last year, said that the cost of electricity was “anomalously low” in the United States, that a cap-and-trade approach to limiting greenhouse gases “is an absolutely non-partisan issue,”
http://www.washingtonpost.com/wp-dyn/content/article/2008/12/11/AR2008121103380.html
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James Hansen wants Obama to just come out and admit that it is an energy tax that he wants to impose on Americans and stop beating around the bushes by calling it “cap and trade”. He says that Americans will “understand”: Some on Left Join Fight to Expose the Lie that is Cap and Trade
http://blog.heritage.org/2008/12/05/some-on-left-join-fight-to-expose-the-lie-that-is-cap-and-trade/
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Dr. Higgs reminds us as to just who is, and who is not qualified to speak on various scientific and economic matters:
Peer Review, Publication in Top Journals, Scientific Consensus, and So Forth
http://www.independent.org/newsroom/article.asp?id=1963
Robert Higgs
bttt
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thanks, bfl
Clueless in DC.
How many Ivy league elitists does it take to replace a lightbulb?
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