Hidden Taxes Part One

energytax

Now, the messiah SPENDULUS MAXIMUS says that there will be no tax increases on people making $250,000 a year.  However, when we turned on the “CALL IT SOMETHING ELSE” Translation Matrix this evening, we got some interesting results.

Carbon dioxide is the unavoidable byproduct of fossil fuel combustion, which currently provides 85 percent of America’s energy. Thus, it will be very costly to move away from this preferred energy source, and especially doing so as expeditiously as S. 2191 requires. A study by Charles River Associates puts the cost (in terms of reduced household spending per year) of S. 2191 at $800 to $1,300 per household by 2015, rising to $1,500 to $2,500 by 2050.[2] Electricity prices could jump by 36 to 65 percent by 2015 and 80 to 125 percent by 2050.[3] No analysis has been done on the impact of S. 2191 on gasoline prices, but an Environmental Protection Agency study of a less stringent cap and trade bill estimates impacts of 26 cents per gallon by 2030 and 68 cents by 2050.[4]

Hmmm.  Interesting…the messiah says he won’t tax us, yet he’ll directly cause our energy costs to go up at a fantasitc rate.

By limiting the supply of fossil fuels, S. 2191 would raise the cost of energy. For consumers, cap and trade means more expensive gasoline and electricity as well as net job losses in energy-dependent sectors. Senator Lieberman himself concedes costs into the hundreds of billions of dollars. And as the Congressional Budget Office has noted, such energy cost increases act as a regressive tax on the poor.[8]Emphasis added.

A TAX ON THE POOR!!!!!  Surely the messiah SPENDULUS MAXIMUS is aware that the increased energy costs will surely be more than the whole $13 extra we get in our paychecks!  And surely he knows that these taxes will impact the poor, who have the least ability to cope with increased cost, doesn’t he???

But wait, there’s more!

The net job losses from S. 2191 are estimated by Charles River Associates to be 1.2 million to 2.3 million by 2015.[9] Some of these jobs will be lost for good, due to the impact of higher energy costs on economic activity. Others, chiefly in the manufacturing sector, will be sent overseas. In the very likely event that S. 2191 significantly raises domestic manufacturing costs and that developing nations refuse to impose similar restrictions, the American economy could experience a substantial outsourcing of manufacturing jobs to those nations with lower energy costs.

Whoa there!  The messiah SPENDULUS MAXIMUS promised millions of NEW jobs, not losing MILLIONS of current jobs.

How ya likin’ that “change?”

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About the Author

Matt I believe that future generations should have the same opportunities that myself, and those that came before me, had. My parents taught me that I could do anything I wanted to do. I don’t want to have to tell my daughter, “You can do whatever the government tells you to do.” We are at a crossroads in this country; are we going to be free, or are we going to be slaves to the nanny state. I choose freedom.