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Thread: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

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    Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    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.

    ...

    One odd point: The document written by Jaffee includes this line: "It will raise energy prices and impose annual costs on the order of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX." The Treasury Department redacted the rest of the sentence with a thick black line.
    Obama Admin: Cap And Trade Could Cost Families $1,761 A Year - Taking Liberties - CBS News

    The Obama administration has previously said that the cap and tax bill would only raise taxes by about $175 per household. As mentioned in the CBS article, this Treasury Dept. report was obtained only by a FOI filing by the Competitive Enterprise Institute. This report should have been public knowledge as soon as it was released.

    It would be very interesting to know what was redacted by Treasury and why they felt it was necessary to redact it.

    Since the Treasury Dept. is estimating the costs at TEN times what Obama claimed, I predict this will be the death knell for this boondoggle. With healthcare reform taking a beating due to its high costs, Cap & Tax was on a downhill slide anyway.

    Your thoughts?

    • "The America Republic will endure until the day Congress discovers that it can bribe the public with the public's money." -- Alexis de Tocqueville





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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    Now, I'm confused- since Cap & Trade already passed through the House, does that mean it's a done deal, or does it have to go through the Senate?

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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    yes, of course it must pass upper house (and be signed by the prez) to become law

    cap and trade has been dead ever since it squeaked thru pelosi's place by a mealy margin of 4 votes

    politics 101 has always recognized that any bill that's so problematical in the house has no chance in the much more difficult senate

    indeed, to push passage pelosi had to peal at the topmost of her shrillest shriek---vote for JOBS! JOBS! JOBS! JOBS!

    LOLOL!

    THE GLOBAL WARMING PROTECTION ACT, according to the palsied speakeress, is suddenly an economic stimulant

    not a GREEN bill, she maniacally maintains, but an employment producer

    cap and trade, in truth, is a huge tax hike on energy, both production and consumption---in the middle of our national DEPRESSION

    economic AND political suicide, as well as downright unAmerican

    the white house, indeed, has moved OFF cap and trade

    axelrod on sept 1, the day he announced the admin's NEW STRATEGY for obamacare (which turned out be not new and certainly no strategy), said as much:

    Also this fall, Obama wants to slap new regulations on Wall Street firms, a goal that is now considered a higher priority than cap-and-trade energy legislation in the West Wing.

    Under fire, President Obama shifts strategy - Mike Allen and Jim VandeHei - POLITICO.com


    indeed, whip durbin on cap and trade said last thursday: "it's a difficult schedule," members are "anxious" enough over health care

    ben nelson: "we have enough on our plate at the moment, it's questionable to open another front"

    ag chair blanche lincoln: "it's a heavy lift"

    sharrod brown of ohio: "there's no bill" that will pass senate unless protections are raised against cheaper imports from foreign manufactures more dollar green than environmental

    "we're not real close," added brown

    U.S. Senate Democrats skeptical about climate bill | Markets | Reuters

    and west virginia grand wizard byrd, longest ever serving senator, has repeatedly "blasted" the bill

    Byrd Blasts ?Cap and Trade? - News, Sports, Jobs - The Intelligencer / Wheeling News-Register

    the climate bill is just another loser on that long list of presidential LOL's, along with---the public option, personal diplomacy with iran, closing gitmo, cutting the deficit in half, ending earmarks, prosecuting cheney, investigating "torture," blaming bush, cash for clunkers, reaching out to rogues and runts, bailing out bankrupts and bunglers, bankrolling bonuses for bums and bad guys, afghanistan, ending renditon, ending detention, ending don't ask don't tell, reversing the patriot act, not taxing benefits, not taxing those under 250G, transparency, czars, addressing schoolkids, paygo, putting legislation online, deficits at 13% of gdp...

    obama is the most incompetent politician at the national level america has ever seen

    as national leader and democrat figurehead, the president is Already Irrelevant

    he is only pertinent now as empowerer and enhancer of his opposition's prowess

    it is what it is

    sorry

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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    Cap And Trade Could Cost Families $1,761 A Year
    It's going to cost the working class a helluva lot more than that. Working class Americans will lose tens of thousands of dollars every year because of Cap-n-Trade.

    It was never the objective of the Libbos to improve the economy. The people can't be controlled in a booming economy.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    From your own source:

    ""Even if a 100 percent auction was a live legislative proposal, which it's not, that math ignores the redistribution of revenue back to consumers. It only looks at one side of the balance sheet. It would only be true if you think the Administration was going to pile all the cash on the White House lawn and set it on fire.""

    Yes what are they going to do with the money? Help pay off our National debt? Use it offset income taxes which are not sufficient to pay our bills now?

    Right wingers are the biggest dead beats I know of.

    They know for a fact we are not paying our bills yet they gripe about paying additional taxes to fund government. With this "tax" it raises revenue, helps the enviroment, and encourages energy conservation, and less dependece of foreign oil.

    They're like little spoiled children....any small sacrifice whatsoever on the part of Americans to pay fully for their goverment sends them into hissy fits.
    Last edited by dragondad; 09-16-09 at 10:22 PM.

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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    tell it to axelrod, nelson, byrd, lincoln, brown, durbin...

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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    Quote Originally Posted by dragondad View Post

    Right wingers are the biggest dead beats I know of.
    Either you're saying that the welfare class is made up of Righties, or that the Democrats are the, "rich man's party". Which is it?

    I don't seem to recall ACORN pushing voter registrations in up-scale neighborhoods.

    Quote Originally Posted by dragondad View Post
    .

    They know for a fact we are not paying our bills yet they gripe about paying additional taxes to fund government. With this "tax" it raises revenue, helps the enviroment, and encourages energy conservation, and less dependece of foreign oil.

    Stop killing jobs and start creating jobs. That would create more tax revenue. Gee! What a novel idea!
    Last edited by apdst; 09-16-09 at 10:29 PM.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    Quote Originally Posted by dragondad View Post
    They're like little spoiled children....any small sacrifice whatsoever on the part of Americans to pay fully for their goverment sends them into hissy fits.
    So we should make sacrifices to pay off the debt... and the left (unlike the right, apparently) fully understands this... public health care anyone?

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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    Quote Originally Posted by dragondad View Post
    Yes what are they going to do with the money? Help pay off our National debt? Use it offset income taxes which are not sufficient to pay our bills now?
    It doesn't appear that you know what they're going to do with it. Why don't you enlighten us?
    People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.

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    Re: Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

    Adding an extra $150.00 in bills for the average American family during an economic recession sounds like a sound plan to me.

    Hope & Change baby!

    .

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