Calculate How Much Will Cap And Trade Cost Your Household

Proof • June 13, 2009

The Tax Foundation has a calculator out that will, after you enter in some personal information like household income and the amount of money you spend on things like electricity, just how much Obama’s cap and trade carbon tax policy will cost you.

A new Tax Foundation calculator now shows how much a U.S. cap-and-trade system would cost individual households annually. The Tax Household Cap-and-Trade Burden Calculator is based upon a study released in March, Tax Foundation Working Paper No. 6, “Who Pays for Climate Policy? New Estimates of the Household Burden and Economic Impact of a U.S. Cap-and-Trade System.” The study shows that a cap-and-trade system designed to reduce greenhouse gas emissions by 15 percent would place an annual burden of $144.8 billion on American households. The average annual household burden would be $1,218, which would be approximately 2% of the average household income.
Although carbon emission permits under a cap-and-trade system would be purchased first by energy companies, the costs are ultimately paid by American consumers. The calculator asks how much a household’s combined monthly income is (pre-tax) and how much a household spends monthly on various items like electricity, natural gas, food, clothing and transportation. It then calculates the total annual additional cost that cap-and-trade would impose on that household as well as the cap-and-trade burden as a percentage of income.

A tax hike in the mount of 2% of the average American household income is nothing to sneeze at, especially when (if it should pass) it would be part of tax hikes that would take place in order to pay for Obama’s nationalized health care plan (should that pass) and the Democrats’ plan to let the Bush tax cuts expire.
And I fully expect there to be a multiplying effect once the cap and trade carbon tax hits our markets. It’s not just utility bills that are gonna go up. Manufacturers. Retailers. Transport companies. Distributors. When you buy something in a store, you’ll be paying part of the carbon tax that has been applied to the manufacturer, distributor, transporter and retailer that handled it before you bought it.
I’m not sure anyone can accurately predict just how big the price hikes are going to be.

Tags: Asshats, Domestic Issues, Politics

http://Array Bat One

Congress is working on another $100 billion for the Iraq mess.

Not exactly! You have once mmore confused your personal animus with fact. $83.4 billion is for Iraq and Afghanistan and foreign aid to a number of different countries including Pakistan. The rest is pork.

But I thought Obama had told us how wrong it was of Bush to fund the war effort with supplementals and then he would change that procedure and keep all such appropriations on budget. So why is the Dems’ liar in chief now funding his war efforts via supplemental requests, rather than regular budget appropriations as he had promised?
http://sayanythingblog.com/entry/america_is_back/#c397018 DINO

Congress is working on another $100 billion for the Iraq mess.

So how much did that cost your kids? That’s who is paying for it.

Tell them that they’re future is going to be a lot dimmer thanks to your votes for Mr bush and the republicans.
docdave

Ach, ach, dino wants a cracker…
http://sayanythingblog.com/entry/america_is_back/#c397018 DINO

Why stop there? Calculate how much the reagan tax cuts cost you, the bush tax cuts, the iraq war, the $5 trillion in bush debt, etc etc etc.
http://sayanythingblog.com/ likwidshoe

Why stop there? Calculate how much the reagan tax cuts cost you, the bush tax cuts…

More money in my pocket does not equal “cost”.

…the iraq war…

That’s a different subject. I’d say why don’t you do a post on it, but you’d just lie about it anyways. What’s the point?

…the $5 trillion in bush debt…

The “$5 trillion in bush debt” doesn’t exist.

You’re a troll.
sc

Cap & trade will force U.S. manufactures into unfair competition with China, etc. Then China becomes the manufacture of choice and so we will have more pollution not less.
http://sayanythingblog.com/entry/america_is_back/#c397018 DINO

Ok, $83 billion. Here’s a hair, go split it.

So now you want to fault him for not changing the whole system? Remember we’re still living under the bush fiscal process. But what’s this from your Wall Street Journal?

Beginning in fiscal 2010, Mr. Obama intends for the wars to be funded as part of the regular Pentagon budget. That is a change from the Bush White House, which annually sought war funding outside the regular military budget.

See, we haven’t seen an Obama budget yet. Putting the war funding in the budget for 2010 is part of what makes the deficit look so much worse.

We wouldn’t be talking about war funding if bush hadn’t started his war based on lies.
Jackass Jimmy

Funny how it’s the same old story with Dino: Hate Bush, hate Reagan, no real facts, no sensical logic, just scream whatever feels good to scream.

His irrational hatred toward conservativism and his irrational devotion to socialism (which has been show time and time again throughout history to NOT work regardless of how much he and his master Obama want it to work) is the same as the religious fanaticism he and his ilk criticize others for. The only difference is that his is based on his faith in a disproved utopia rather than an unproven god.

Just more fundamentalist hypocrisy from Dino. Love ya buddy.
sayanything-6955

12.00 for a loaf of bread,8.00 for cheerios,22.00 for a LB of burger,12.00 a gallon for gas for my new lawnmower with a windseild from GM,lets see,my wife and I make 47,000 k a year if I have a good sales year,and then throw away my bush tax cut and add some new ones on,hell I should still have enough left for a haircut now and then.I fear for this country

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