CBO released its findings regarding the new EPA/Cap n Tax program being pushed by the Democrat leadership in Congress - and supported by the Obama White House.
This one program alone proposes $854 billion in "increased revenue" to the federal government.
How can that kind of tax increase not impact all Americans - particularly the lower class? Everything from utility rates to cost of food will go up.
This is Big Government fiscal madness at its very worst...
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Cost Estimate for S. 1733, the Clean Energy Jobs and American Power Act
Yesterday CBO released a cost estimate for S. 1733, the Clean Energy Jobs and American Power Act, which was ordered reported by the Senate Committee on Environment and Public Works on November 5, 2009. This legislation would make a number of changes in energy and environmental policies largely aimed at reducing emissions of gases that contribute to global warming. The bill would limit or cap the quantity of certain greenhouse gases (GHGs) emitted from facilities that generate electricity and from other industrial activities beginning in 2012.
Increase federal revenues by about $854 billion;
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Full report here:
Director’s Blog » Blog Archive » Cost Estimate for S. 1733, the Clean Energy Jobs and American Power Act
This one program alone proposes $854 billion in "increased revenue" to the federal government.
How can that kind of tax increase not impact all Americans - particularly the lower class? Everything from utility rates to cost of food will go up.
This is Big Government fiscal madness at its very worst...
___
Cost Estimate for S. 1733, the Clean Energy Jobs and American Power Act
Yesterday CBO released a cost estimate for S. 1733, the Clean Energy Jobs and American Power Act, which was ordered reported by the Senate Committee on Environment and Public Works on November 5, 2009. This legislation would make a number of changes in energy and environmental policies largely aimed at reducing emissions of gases that contribute to global warming. The bill would limit or cap the quantity of certain greenhouse gases (GHGs) emitted from facilities that generate electricity and from other industrial activities beginning in 2012.
Increase federal revenues by about $854 billion;
___
Full report here:
Director’s Blog » Blog Archive » Cost Estimate for S. 1733, the Clean Energy Jobs and American Power Act