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Cap and Trade: $1,761 a year
By Rusty Shackleford | September 16, 2009
More hateful right-wing disinformation regarding the super-awesome policies of the Obama administration, this time from the Treasury Department…
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.”
I can’t wait ’til the cost of everything goes up…It’s good that I have $1,800 that isn’t doing anything!
I need to quit being so selfish and care more about plants than the survival of American families.
Exit question: Does this mean Jimmy Carter thinks Timothy Geithner’s a racist?
H/T: Hot Air
That is all.
Topics: Liberal Shenanigans, Cap & Trade, Things That Suck, Bad Bills, Barack Obama, Zombie Apocalypse |
2 Responses to “Cap and Trade: $1,761 a year”
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September 16th, 2009 at 10:08 pm
[…] Cap and Trade: $1,761 a year […]
October 28th, 2009 at 9:54 am
[…] estimates showing an increase of nearly $1800 per family per year, I’m gonna go ahead and assume that the vast majority of Max’s constituents share the […]