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Obama administration: Cap and trade could cost families $1,761 a year
Declan McCullagh
cnet
Wednesday, Sept 16th, 2009
The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.
A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.
A second memorandum, which was prepared for Obama’s transition team after the November election, says this about climate change policies: “Economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation.”
The documents (PDF) were obtained under the Freedom of Information Act by the free-market Competitive Enterprise Institute and released on Tuesday.
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20 Responses to “Obama administration: Cap and trade could cost families $1,761 a year”
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September 16th, 2009 at 4:06 am
Gee, if global warming was real, wouldn’t it still be cheaper and more effective if everyone just planted a fucking tree? What a bunch of shit. Somedays I can hardly wait for the revolution to start. I imagine that after we hang all the politicians, the amount of global warming would drastically decrease.
Gary B. Reply:
September 16th, 2009 at 4:12 am
Yeah… less hot air from all those blowhards.
King Kong Reply:
September 16th, 2009 at 6:48 am
Well, soon the dollar will be worthless and a cup of (cold) coffee will cost 1,761 bucks…
USWGO Master Brian Hill Reply:
September 16th, 2009 at 8:56 am
We need to revolt before it’s too late because forced vaccinations is coming soon and we must resist forced vaccination because this chip I heard from David Icke might control our emotions and thoughts. If that is true we must resist violently to the death against forced vaccinations because once you take it you will become a zombie.
http://www.youtube.com/watch?v=AazW9sVjQPA
http://www.youtube.com/watch?v=TiKxPpoXsMg
Sanity Reply:
September 16th, 2009 at 3:21 pm
Really?
You actually believe all that?
Some random dude with no special knowledge just said it and you believe him just like that?
Wow, I guess forced vaccination of microship to control emotions makes a lot more sense than something like Obama’s insurance reform to alleviate the fiscal problems of sick people that get screwed over by their insurers.
evo Reply:
September 16th, 2009 at 9:27 am
These are all manipulations of the government trying to use Money as a strangling and suffocating tactic to push its people into fear and desertion.
One world currency?
http://www.collective-evolutio.....-currency/
September 16th, 2009 at 4:11 am
Hmmm. I wonder if they (kkk) can fix this cap and trade scam.
September 16th, 2009 at 4:17 am
Imagine all the hot air that will not be blowing out of the District of Criminality also…
September 16th, 2009 at 4:19 am
Anyone know what the company that sells rope is called? I want to buy some of their stock..
September 16th, 2009 at 4:39 am
These nut-jobs have systematically destroyed America. I hope this bill doesn’t pass!!!
September 16th, 2009 at 4:55 am
So THIS is “Change We Need” huh?
Thanks Obamatrons! Thanks a lot
September 16th, 2009 at 5:31 am
How much will Gore and Soros make from this crime? These two assholes are no better than Cheney raping the public for war profits. Fucking criminals must be hung! That day is coming.
QUANTUMMONKEYBUTT Reply:
September 16th, 2009 at 8:52 am
ALL TRAITORS MUST SWING BY A ROPE OF ‘HEMP’!!!
IT IS A TRADITION IN AMERICA, SINCE HEMP HAS BEEN IN THE MIDDLE OF THE REVOLUTION SINCE THE BEGINNING; THE CONSTITUTION THAT DUBYA SAYS IS “JUST A GOD-DAMN PIECE OF PAPER…” IS HEMP PAPER, MOTHER-FU&%ER!!!
AND THAT HEMP THAT YOU WAGE WAR ON US ALL OVER, WILL BE THE MATERIAL THAT SNAPS YOUR WORTHLESS CONSPIRING, MURDERING, LYING TRAITOR NECKS!!!
http://www.prisonplanet.com/ar.....idejob.htm
(‘911’ AN INSIDE JOB)
QMB
Can I Be The Hangman?
Pretty Please?
September 16th, 2009 at 6:56 am
Multiply that number by 10 to get a more accurate estimate.
September 16th, 2009 at 7:11 am
The Average American is going doen the tubes and they want to increase taxes. Unbelievable
ships are rusting at anchor like never before. Christmas is going to be a Joke and they want
to tax people more and for what? The government should be giving credits to buy windmills
or solar panels like when they help people buy thermal Windows. It really is no fun anymore.
September 16th, 2009 at 8:44 am
At what point would it cost $1700? The taxes would increase annually as the emmission levels are lowerd driving the cost up. I read $7000 annually in a few years..shoulda saved it.anyone else read that #
http://www.congress.org Tell’m what you think.. NOW
I wrote my congressman and told him a vote for cap & tradr wolud be a vote against him and I would donate money andvote for who ever was running against him. I would alse encourage my family and friends to do the same
September 16th, 2009 at 8:47 am
All of you fucking people who bitch and whine that these politicians need to be hung for treason are funny. You all say you want a revolution. Then stop blogging about it and start one. If the Mexican drug cartel can kill politicians and police so easily why can’t you? get your rifle post a position and wait for the perfect conditions and take your shot, or quit bitching!
Us army sniper
September 16th, 2009 at 9:30 am
George R. Budinger For President
I will revise & eleminate all stupid and unfair laws & prison sentences!
I will Stop the Government from stealing!
I will Put all BAD politicians in prison!
I will Stop the banks & credit card companies from stealing!
No more prison states!
I will Make easy to aquire goverment loans for businesses & start up’s
I will Hold all of the stupid idiots accountable who started the recent Iraqi WAR!
I will hold those accountable for the thousands of deaths caused by the Iraqi WAR!
I will Give people REAL changes!
I will SHUTDOWN all bad government agencies!
I will bring REAL changes!
I Need help folks spread the word!
http://www.facebook.com/group&.....p;ref=name
All Rights Reserved (c)
September 16th, 2009 at 9:58 am
fuck obama and his bullshit.
September 16th, 2009 at 1:27 pm
http://www.youtube.com/watch?v=5hFPxqOY1DQ