Wow, apparently “cap and tax” really is a tax increase…

Recently, Sen. Harry Reid said that the Senate wouldn’t be taking up the Pelosi/Obama Cap and Tax bill this year, after it barely passed the House a few months ago. Apparently much like the in the House, there are Democrats concerned that the bill will have little effect on the environment, but major effect on loss of jobs and the pocketbooks of the middle American that the President swore were not going to have their taxes raised.

There’s been some disagreement here with critics saying that this bill was going to kill jobs and Nancy Pelosi saying this was all about creating jobs…even though there was a provision in it to increase unemployment benefits for all the jobs losses caused by the legislation. There was also a part in the bill that allows you to sue if you think you’re life has been impacted by “global warming.” ::shrugs::

But the part aboot taxes and energy costs going up, that’s a bunch of junk, right? Well, not according to internal reports from the White House. So sayeth that far-right news outlet CBS News

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.

A second memorandum, which was prepared for Obama’s transition team after the November election, says this about climate change policies: “Economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation.”

What I find the most amusing was the way a watchdog organization had to use the “Freedom of Information Act” just to get the truth out of the Obama Administration, which was supposed to be the most tranparent administration EVAH! We also can’t find this all that surprisingly because Sen. Obama did say over a year ago that his plan was going to cause enrergy bill to skyrocket and put the coal industry out of business (bye bye Rust Belt), but as the mainstream media point out, holding the President accountable for things he’s said that we have him on video saying is nothing more than a right-wing distraction.


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