Thursday, September 17, 2009

Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

It's almost as if Obama WANTS to be a one term President...unless he has a plan that "guarantees" a re-election:
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.

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