Thursday, March 19, 2009

Obama’s Energy plan to Tax low and middle class families.


President Obama himself described his plan in an interview with the San Francisco Chronicle last year this way:

Under my plan of a cap and trade system, electricity rates would necessarily skyrocket... whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.

The new version of the plan in the Obama budget is much more aggressive, and reducing emissions another 20 percent will be dramatically more costly-possibly as much as double the cost since the additional cuts will come in the most difficult and expensive areas, like transportation and agriculture.

Click below to read the entire article

Obama to propose over $1.3 Trillion in new taxes > Hawaii Free Press > Articles Main

No comments:

Post a Comment

Feel free to leave a comment. If you make a rude or vulgar comment (determined by me) the comment will be deleted.