Tax Foundation: American Households Would Face Annual Burden of $144.8 Billion Under Cap-and-Trade System
[John K. Matyi] Well here it is, Obama has found another way to steal income from that 95% that he swore would not see a tax increase. To be fair and balanced I guess if you don't drive a car, heat your home, or use any electricity you will not see much of an increase; but you will be in the minority. On top of this the United Nations is trying to have our congress pass through a bill that will allow the UN to tax every barrol of oil $5.00. At $50 per barrel (today) that means they will be passing a 10% tax on our transportation and all other products manufactured that use petroleum. Wake up people!
American Households Would Face Annual Burden of $144.8 Billion Under Cap-and-Trade System
With climate change
legislation becoming a top congressional priority in recent months, a new study
shows that a cap-and-trade system curbing greenhouse gas emissions would place
an annual burden of $144.8 billion on American households. The average annual
household burden would be $1,218, or approximately 2% of the average household
income.
In Tax Foundation Working
Paper No. 6, "Who Pays for Climate Policy? New Estimates of the
Household Burden and Economic Impact of a
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Categories: Cap and Spend, Carbon Offsets, TAXES, Global Warming, Deficit Spending
Tags: taxes
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