It’s a lie whenever Obama says that he’s only raising taxes on the wealthy and nobody else will be affected. The truth is that with all the programs and garbage he wants to push through, much of the cost will be passed on to every single one of us. If you pay an electric bill or energy bill of any kind, you will surely be affect if Obama gets his way.
For example, the so-called “cap-and-trade” system which would force companies to buy licenses to produce carbon dioxide. The (misguided) goal of this legislation would be to curve greenhouse gas emissions which some charlatans say is responsible for global warming, or the new buzz phrase, climate change.
The Washington Times reports on the obscene cost of Obama’s cap-and-trade plan and how you will help pay through the nose for it:
President Obama’s climate plan could cost industry close to $2 trillion, nearly three times the White House’s initial estimate of the so-called “cap-and-trade” legislation, according to Senate staffers who were briefed by the White House.
A top economic aide to Mr. Obama told a group of Senate staffers last month that the president’s climate-change plan would surely raise more than the $646 billion over eight years the White House had estimated publicly, according to multiple a number of staffers who attended the briefing Feb. 26.
“We all looked at each other like, ‘Wow, that’s a big number,'” said a top Republican staffer who attended the meeting along with between 50 and 60 other Democratic and Republican congressional aides.
The plan seeks to reduce pollution by setting a limit on carbon emissions and allowing businesses and groups to buy allowances, although exact details have not been released.
At the meeting, Jason Furman, a top Obama staffer, estimated that the president’s cap-and-trade program could cost up to three times as much as the administration’s early estimate of $646 billion over eight years. A study of an earlier cap-and-trade bill co-sponsored by Mr. Obama when he was a senator estimated the cost could top $366 billion a year by 2015.
So not only will they be foisting this awful piece of policy on everyone which will affect individuals and businesses, they’re also purposefully underestimating the true cost to sell it more effectively.
The Obama administration has proposed using the majority of the money generated from a cap-and-trade plan to pay for its middle-class tax cuts, while using about $120 billion to invest in renewable-energy projects.
Mr. Obama and congressional Democratic leaders have made passing a climate-change bill a top priority. But Republican leaders and moderate to conservative Democrats have cautioned against levying increased fees on businesses while the economy is still faltering.
House Republican leaders blasted the costs in the new estimate.
“The last thing we need is a massive tax increase in a recession, but reportedly that’s what the White House is offering: up to $1.9 trillion in tax hikes on every single American who drives a car, turns on a light switch or buys a product made in the United States,” said Michael Steel, a spokesman for House Minority Leader John A. Boehner. “And since this energy tax won’t affect manufacturers in Mexico, India and China, it will do nothing but drive American jobs overseas.”
It’s as if Obama is oblivious to the crisis he reminds us of daily. If it’s truly a crisis then why would you want to begin threatening businesses with new fees, regulations and higher taxes? Once again, think of the most counter-productive way to stimulate the economy and it will be parallel with Obama’s plans.
Here’s a recent report from Fox News which reminds us that even Obama personally admitted that his cap-and-trade plan would cause energy prices to skyrocket, possibly costing the average household and additional $700 per year:
Now, for those of you who might say that “climate change” is indeed a crisis and we need to pay through the nose, I’d suggest getting another point of view on the issue:
This is another good one about the scare tactics used to bully people into believing that they’re causing global warming:
Also, I’d recommend one of my favorite websites: Global Warming Hoax
Oppose Obama’s attempts to theft more wealth from the private sector under the guise of “climate change” rhetoric.
Once again, the CHANGE I just can’t bring myself to believe in no matter how much kool-aid they try to serve.