White House Admits Obama Energy Tax Will Increase Average Electric Bill By $1800 Per Year
And that is lowballing it.
From Human Events.
http://www.humanevents.com/article.php?id=31137
President Obama’s energy tax plan -- a version of the failed European “cap and trade” global warming fiasco -- may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.
While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.”
And lest you think this is partisan spin, the baseline figures are from Obama's own people.
Obama’s official budget claims that his proposed energy tax would add $646 billion to energy costs over 8 years. But that’s low-balling it.
As the Washington Times reported:
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. . . . 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.
Put another way, Furman estimates the cap-and-trade scheme will cost, on average, $250 billion annually. That estimate must be taken seriously because Furman is deputy director of Obama’s National Economic Council.
Obama says that these new taxes, which they do not dispute, will be partially offset by tax cuts of $800.00 for 95% of households (and yes, that is another phony use of "tax cut" which is actually a welfare check redistributed from taxpayers to the 42% of Americans who pay no taxes). And even then, everybody is still out at least $1,000.00 per year. All to pay for the hoax of Global Warming.
http://patriotroom.com/article/white-house-admits-obama-energy-tax-will-increase-average-electric-bill-by-1800-per-year
"I know this is of little comfort but.....net net, it wont cost the american people anything since obama is pumping the money right back in the economy
if the govt has to impose a "tax" this is one of the most socially beneficial ways to do so"
You live in a dream world. The people will NOT be coming out even. And Obama wont be pumping that money back into the economy. That isnt the responsibility of the government anyways. How about NOT taking it from the people and letting them pump their money into the economy on their own terms. For products that they need and want? But then, we cant have people spending their own money on themselves and acting like free people as a result, now can we?
And that is lowballing it.
From Human Events.
http://www.humanevents.com/article.php?id=31137
President Obama’s energy tax plan -- a version of the failed European “cap and trade” global warming fiasco -- may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.
While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.”
And lest you think this is partisan spin, the baseline figures are from Obama's own people.
Obama’s official budget claims that his proposed energy tax would add $646 billion to energy costs over 8 years. But that’s low-balling it.
As the Washington Times reported:
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. . . . 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.
Put another way, Furman estimates the cap-and-trade scheme will cost, on average, $250 billion annually. That estimate must be taken seriously because Furman is deputy director of Obama’s National Economic Council.
Obama says that these new taxes, which they do not dispute, will be partially offset by tax cuts of $800.00 for 95% of households (and yes, that is another phony use of "tax cut" which is actually a welfare check redistributed from taxpayers to the 42% of Americans who pay no taxes). And even then, everybody is still out at least $1,000.00 per year. All to pay for the hoax of Global Warming.
http://patriotroom.com/article/white-house-admits-obama-energy-tax-will-increase-average-electric-bill-by-1800-per-year
"I know this is of little comfort but.....net net, it wont cost the american people anything since obama is pumping the money right back in the economy
if the govt has to impose a "tax" this is one of the most socially beneficial ways to do so"
You live in a dream world. The people will NOT be coming out even. And Obama wont be pumping that money back into the economy. That isnt the responsibility of the government anyways. How about NOT taking it from the people and letting them pump their money into the economy on their own terms. For products that they need and want? But then, we cant have people spending their own money on themselves and acting like free people as a result, now can we?