The Obama administration thinks you're simply not paying enough taxes
Uh-oh. Somebody at the Treasury screwed up. Really screwed up. Thanks to a Freedom of Information Act request from the Competitive Enterprise Institute, they were forced to release internal documents that call Cap-and-Trade exactly what it is. A job-killing tax.
Here’s how the Washington Times reports the story:
Officials at the Treasury Department think cap-and-trade legislation would cost taxpayers hundreds of billion in taxes, according to internal documents circulated within the agency and provided to The Washington Times.
These estimates were made in Treasury memos, obtained by the Competitive Enterprise Institute through a Freedom of Information Act request that sought information related to proposals originated by Treasury involving “cap-and-trade schemes” that deal with “carbon,” “carbon dioxide” or “greenhouse gases.” The memos were given to The Times by CEI.
The Times article continues:
A memo prepared by Judson Jaffe, who works in the Treasury’s Office of Environment and Energy, referenced President Obama’s remarks on energy policy in his State of the Union Address and said, given the president’s plan to auction emissions allowances, “a cap-and-trade program could generate federal receipts on the order of $100 to $200 billion annually.”
As if that weren’t bad enough, Chris Horner at PlanetGore adds the following:
Other gems not noted in that story include the admission that cap-and-trade would cause the loss of steel, paper, aluminum, chemical, and cement manufacturing jobs which, as happened under Europe’s scheme, tend to export themselves to saner environments. Windfall profits under the scheme of allocating the ration coupons, the Waxman-Markey approach, are also admitted to.
In short, a candid snapshot of what they’re admitting to each other, while telling you a, ah, different story — to your face.
At the upper end of the administration’s estimate, Cap-and-Trade would cost each American household as much as $1,761 per year.
Hail the Goddess Gaia and her consort, evil Prince Obama, Lord of Darkness and Taxes (and not necessarily in that order).
Source: Washington Times, PlanetGore
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{ 4 comments… read them below or add one }
I don’t really know what upsets me more, the lies that our Government Officials continuously tell us (aka liars), or the lies that our Government Officials continuously tell us.
By the way, I keep hearing, and reading, that only about 10% of Obamas $787B bailout has been spent. Anybody know what happened to the remaining $709B?
while we are on the subject…..guess where one can buy or sell “credits” for emissions?
The Chicago Board of Trade (i.e. commodities futures exchange) of course!!!!
We are also talking a gigantic wind-fall in trading commissions for those “criminal” wall st types…..
LOL. In Canada during a federal election of October 2008, a Liberal M.P. admitted that his party’s “Green Shift” carbon tax scheme was mainly about generating revenue. [Conservative critics called it the "Green Shaft", BTW.]
Let Congress know that we are paying enough in taxes already! This cap and trade scheme will not only raise taxes, it will also result in lost jobs. Write Congress at http://tiny.cc/pxIgi.