OT: Cap and Tax. Maybe One of the Largest Tax Increases in a Long While?

[luchabee]

Actually, based on additional estimates I have seen, albeit from conservative/libertarian groups like Heritage, it may lead to the loss of over 1,000,000 jobs in the US.

Moreover, actual net costs for households may be as high as $1,600 based on the Washington Post article.

I’m sure the estimates from proponents, however, are right on target. The government never underestimates the costs of any program, right?

Besides what is $175 to a working class family in CA who is fighting foreclosure and a possible job loss? So does the left ever think this stuff adds up? Loss of a state child exemption here, $175 there, a car tax, there, maybe a national value added tax, too. After a while, we are talking about real money and then, suddenly, every state turns into California.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[GoUSC]

Come on guys!!! We need to reduce global warming. After all it’s based on sound research that looks at all angles…

…instead of just creating mass hysteria so as to create a whole new industry that all these scientist’s turned “Green Consultants” can now reap huge profits off the general public….

oh wait.

GLOBAL WARMING IS A COMPLETE SHAM. Until both sides are given equal voice to their thoeries and hypothesis I refuse to just completely buy in to it.

[luchabee]

Couldn’t say it better myself:

http://www.tcpalm.com/news/2009/jun/25/bill-posey-pro-con-lets-call-cap-and-trade-what/

Let’s call cap and trade what it really is, a massive energy tax on every U.S. citizen.

Congress is considering legislation that has the potential to raise your energy bills significantly, along with the price of just about everything you buy.

Estimates on how much the 900-page Waxman-Markey Cap and Trade National Energy Tax legislation could cost vary, but estimates range between $750 and $3,100 per family per year. Washington typically low balls the cost of things, thinking they can get them into law before Americans know the true cost. This bill includes budget gimmicks hiding the full cost.

The plan is for the federal government to limit carbon emissions. The government will auction carbon emission permits to energy producers, refineries and factories (usually through speculators) so they can emit more carbon. Many credits are also given away to special-interest groups. The cost will then be passed onto consumers. The president’s budget included $646 billion in “cap and trade” revenue.

The idea is to purposely increase the cost of energy from fossil fuels like natural gas, coal or petroleum, about 85 percent of electricity produced. The price of everything you buy will go up, even food, because there will be a hidden national energy tax built into the price of everything.

One leading Democrat senator told the Washington Post: “This is the greatest revenue generating (tax) proposal of our time.” In other words, it’s all about taking more money away from everyday Americans so politicians can spend your money on politician’s favorite programs . . .

So, based on this article, that means there would be a tax on the American consumers equivalent to TARP that would repeat every year and likely increase.

Probably the most cynical bill since the Alien and Sedition Acts. It is unreal that Congress may pass this . . . I guess not a lot of people care. By the way, did you hear that Perez Hilton got in another fight and some politicians had affairs? Now that’s news.

[luchabee]

Couldn’t say it better myself:

http://www.tcpalm.com/news/2009/jun/25/bill-posey-pro-con-lets-call-cap-and-trade-what/

Let’s call cap and trade what it really is, a massive energy tax on every U.S. citizen.

Congress is considering legislation that has the potential to raise your energy bills significantly, along with the price of just about everything you buy.

Estimates on how much the 900-page Waxman-Markey Cap and Trade National Energy Tax legislation could cost vary, but estimates range between $750 and $3,100 per family per year. Washington typically low balls the cost of things, thinking they can get them into law before Americans know the true cost. This bill includes budget gimmicks hiding the full cost.

The plan is for the federal government to limit carbon emissions. The government will auction carbon emission permits to energy producers, refineries and factories (usually through speculators) so they can emit more carbon. Many credits are also given away to special-interest groups. The cost will then be passed onto consumers. The president’s budget included $646 billion in “cap and trade” revenue.

The idea is to purposely increase the cost of energy from fossil fuels like natural gas, coal or petroleum, about 85 percent of electricity produced. The price of everything you buy will go up, even food, because there will be a hidden national energy tax built into the price of everything.

One leading Democrat senator told the Washington Post: “This is the greatest revenue generating (tax) proposal of our time.” In other words, it’s all about taking more money away from everyday Americans so politicians can spend your money on politician’s favorite programs . . .

So, based on this article, that means there would be a tax on the American consumers equivalent to TARP that would repeat every year and likely increase.

Probably the most cynical bill since the Alien and Sedition Acts. It is unreal that Congress may pass this . . . I guess not a lot of people care. By the way, did you hear that Perez Hilton got in another fight and some politicians had affairs? Now that’s news.

[luchabee]

Couldn’t say it better myself:

http://www.tcpalm.com/news/2009/jun/25/bill-posey-pro-con-lets-call-cap-and-trade-what/

Let’s call cap and trade what it really is, a massive energy tax on every U.S. citizen.

Congress is considering legislation that has the potential to raise your energy bills significantly, along with the price of just about everything you buy.

Estimates on how much the 900-page Waxman-Markey Cap and Trade National Energy Tax legislation could cost vary, but estimates range between $750 and $3,100 per family per year. Washington typically low balls the cost of things, thinking they can get them into law before Americans know the true cost. This bill includes budget gimmicks hiding the full cost.

The plan is for the federal government to limit carbon emissions. The government will auction carbon emission permits to energy producers, refineries and factories (usually through speculators) so they can emit more carbon. Many credits are also given away to special-interest groups. The cost will then be passed onto consumers. The president’s budget included $646 billion in “cap and trade” revenue.

The idea is to purposely increase the cost of energy from fossil fuels like natural gas, coal or petroleum, about 85 percent of electricity produced. The price of everything you buy will go up, even food, because there will be a hidden national energy tax built into the price of everything.

One leading Democrat senator told the Washington Post: “This is the greatest revenue generating (tax) proposal of our time.” In other words, it’s all about taking more money away from everyday Americans so politicians can spend your money on politician’s favorite programs . . .

So, based on this article, that means there would be a tax on the American consumers equivalent to TARP that would repeat every year and likely increase.

Probably the most cynical bill since the Alien and Sedition Acts. It is unreal that Congress may pass this . . . I guess not a lot of people care. By the way, did you hear that Perez Hilton got in another fight and some politicians had affairs? Now that’s news.

[luchabee]

Couldn’t say it better myself:

http://www.tcpalm.com/news/2009/jun/25/bill-posey-pro-con-lets-call-cap-and-trade-what/

Let’s call cap and trade what it really is, a massive energy tax on every U.S. citizen.

Congress is considering legislation that has the potential to raise your energy bills significantly, along with the price of just about everything you buy.

Estimates on how much the 900-page Waxman-Markey Cap and Trade National Energy Tax legislation could cost vary, but estimates range between $750 and $3,100 per family per year. Washington typically low balls the cost of things, thinking they can get them into law before Americans know the true cost. This bill includes budget gimmicks hiding the full cost.

The plan is for the federal government to limit carbon emissions. The government will auction carbon emission permits to energy producers, refineries and factories (usually through speculators) so they can emit more carbon. Many credits are also given away to special-interest groups. The cost will then be passed onto consumers. The president’s budget included $646 billion in “cap and trade” revenue.

The idea is to purposely increase the cost of energy from fossil fuels like natural gas, coal or petroleum, about 85 percent of electricity produced. The price of everything you buy will go up, even food, because there will be a hidden national energy tax built into the price of everything.

One leading Democrat senator told the Washington Post: “This is the greatest revenue generating (tax) proposal of our time.” In other words, it’s all about taking more money away from everyday Americans so politicians can spend your money on politician’s favorite programs . . .

So, based on this article, that means there would be a tax on the American consumers equivalent to TARP that would repeat every year and likely increase.

Probably the most cynical bill since the Alien and Sedition Acts. It is unreal that Congress may pass this . . . I guess not a lot of people care. By the way, did you hear that Perez Hilton got in another fight and some politicians had affairs? Now that’s news.

[luchabee]

Couldn’t say it better myself:

http://www.tcpalm.com/news/2009/jun/25/bill-posey-pro-con-lets-call-cap-and-trade-what/

Let’s call cap and trade what it really is, a massive energy tax on every U.S. citizen.

Congress is considering legislation that has the potential to raise your energy bills significantly, along with the price of just about everything you buy.

Estimates on how much the 900-page Waxman-Markey Cap and Trade National Energy Tax legislation could cost vary, but estimates range between $750 and $3,100 per family per year. Washington typically low balls the cost of things, thinking they can get them into law before Americans know the true cost. This bill includes budget gimmicks hiding the full cost.

The plan is for the federal government to limit carbon emissions. The government will auction carbon emission permits to energy producers, refineries and factories (usually through speculators) so they can emit more carbon. Many credits are also given away to special-interest groups. The cost will then be passed onto consumers. The president’s budget included $646 billion in “cap and trade” revenue.

The idea is to purposely increase the cost of energy from fossil fuels like natural gas, coal or petroleum, about 85 percent of electricity produced. The price of everything you buy will go up, even food, because there will be a hidden national energy tax built into the price of everything.

One leading Democrat senator told the Washington Post: “This is the greatest revenue generating (tax) proposal of our time.” In other words, it’s all about taking more money away from everyday Americans so politicians can spend your money on politician’s favorite programs . . .

So, based on this article, that means there would be a tax on the American consumers equivalent to TARP that would repeat every year and likely increase.

Probably the most cynical bill since the Alien and Sedition Acts. It is unreal that Congress may pass this . . . I guess not a lot of people care. By the way, did you hear that Perez Hilton got in another fight and some politicians had affairs? Now that’s news.

[SD Realtor]

I am very sorry Eugene but I don’t by into this lead by example. China and India are actually classified as “developing countries” and take full advantage of that status. China completes a coal fired power plant once a week.

Here is a link to the 10 most polluted cities on the planet. Tell me why isnt there a US city in there.

http://www.time.com/time/specials/2007/article/0,28804,1661031_1661028,00.html

If you think this is about cleaning up the world then you my friend are sadly mistaken. If we want to clean the world then the majority of the damn world needs to play by the SAME rules. This is about expanding government, expanding the tax revenue base, and redistribution. Sure it will help some but in the long run, as long as nobody else has to do it, the only thing that will be accomplished is a larger tax burden on the US population and an unfair advantage to pretty much… every other country that will continue to pollute our planet.

If every other nation will do it, then okay I am in. Until then hiding behind some ambiguous status of developing nation is a crock.

[SD Realtor]

I am very sorry Eugene but I don’t by into this lead by example. China and India are actually classified as “developing countries” and take full advantage of that status. China completes a coal fired power plant once a week.

Here is a link to the 10 most polluted cities on the planet. Tell me why isnt there a US city in there.

http://www.time.com/time/specials/2007/article/0,28804,1661031_1661028,00.html

If you think this is about cleaning up the world then you my friend are sadly mistaken. If we want to clean the world then the majority of the damn world needs to play by the SAME rules. This is about expanding government, expanding the tax revenue base, and redistribution. Sure it will help some but in the long run, as long as nobody else has to do it, the only thing that will be accomplished is a larger tax burden on the US population and an unfair advantage to pretty much… every other country that will continue to pollute our planet.

If every other nation will do it, then okay I am in. Until then hiding behind some ambiguous status of developing nation is a crock.

[SD Realtor]

I am very sorry Eugene but I don’t by into this lead by example. China and India are actually classified as “developing countries” and take full advantage of that status. China completes a coal fired power plant once a week.

Here is a link to the 10 most polluted cities on the planet. Tell me why isnt there a US city in there.

http://www.time.com/time/specials/2007/article/0,28804,1661031_1661028,00.html

If you think this is about cleaning up the world then you my friend are sadly mistaken. If we want to clean the world then the majority of the damn world needs to play by the SAME rules. This is about expanding government, expanding the tax revenue base, and redistribution. Sure it will help some but in the long run, as long as nobody else has to do it, the only thing that will be accomplished is a larger tax burden on the US population and an unfair advantage to pretty much… every other country that will continue to pollute our planet.

If every other nation will do it, then okay I am in. Until then hiding behind some ambiguous status of developing nation is a crock.

[SD Realtor]

I am very sorry Eugene but I don’t by into this lead by example. China and India are actually classified as “developing countries” and take full advantage of that status. China completes a coal fired power plant once a week.

Here is a link to the 10 most polluted cities on the planet. Tell me why isnt there a US city in there.

http://www.time.com/time/specials/2007/article/0,28804,1661031_1661028,00.html

If you think this is about cleaning up the world then you my friend are sadly mistaken. If we want to clean the world then the majority of the damn world needs to play by the SAME rules. This is about expanding government, expanding the tax revenue base, and redistribution. Sure it will help some but in the long run, as long as nobody else has to do it, the only thing that will be accomplished is a larger tax burden on the US population and an unfair advantage to pretty much… every other country that will continue to pollute our planet.

If every other nation will do it, then okay I am in. Until then hiding behind some ambiguous status of developing nation is a crock.

[Author]

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