On Cap And Trade, What About The 95% Of Americans Who Weren’t Supposed To Get A Tax Hike?
While campaigning, Obama promised tax cuts for “95% of Americans.” Shortly after being elected President, Obama noisily promised that nobody in America making under $250,000/year would pay a dime more in federal taxes.
But now Obama is backing a cap and trade carbon tax, and that tax just passed the House. If the Senate passes it as well (click here to contact your Senators and tell them it shouldn’t) businesses across the nation would have to purchase permission from the government to emit carbon.
And since pretty much all businesses emit carbon, that amounts to a tax on just about every business in America.
Now, the liberals will no doubt tell you that this is just regulation, and that the payments for carbon credits are just a fee, but is something you pay to the government to be used as revenue because the government makes you do it not a tax? And if all Americans end up paying higher utility bills, and higher prices for goods and services, thanks to this new tax are they not the ones being taxed?
The liberals will play their usual rhetorical games with this. They’ll that it is not a tax, but rather a fee. They’ll say that even if it were a tax, only the “polluters” will be paying it and not all Americans (even though, again, we’ll all be paying higher prices for goods, services and energy). But here’s reality.
In 2008 Obama himself said that cap and trade would cause electricity prices to “necessarily skyrocket.”
Last time I checked, most of us pay an electric bill. Obama also said that cap and trade would probably bankrupt coal power plants:
Last time I checked, coal was the cheapest form of electricity available and supplied the power for roughly 51% of our national power grid.
The trucks that bring our food to the grocery stores emit carbon. The factories that make our cars and gadgets emit carbon. The plants that make our fuel emit carbon. The laboratories that crank out the prescription drugs emit carbon. The delivery vehicles that bring our online purchases to our front doorsteps emit carbon.
This is a tax on everything. You will be paying more for it (roughly 2% of your household income, according to the Tax Foundation, or $3,000 – $4,000/year according to MIT).
And Obama is already counting the revenues from it in his budget. Tags: Asshats, Domestic Issues, Politics
