Cap and Trade Faces Another Setback

The Competitive Enterprise Institute had to file using the Freedom of Information Act to get this from the "transparent" Obama Administration. Guess what? Cap and Tax will cost taxpayers bundles of money. The U.S. Department of Treasury says new taxes would be between $100 billion to $200 billion a year. That's $1,761 a year per household. This is about a 15% tax hike on you and me. I'm sooooo surprised our Dear Leader has been covering this up.

Cap and Tax is only an academic theory and it's unknown if the program will effect anything except the citizens' bank accounts. Can you do with 15% less income? Those of us that are producers in the country, when adding together all the fees and taxes from every governmental level, are already paying out 40%-50%. For what? Of course this program isn't about the environment, any more than ObamaCare is about health. It's about raising money and amassing power.

This may but the brakes on it getting passed. It got through the house by the skin of its teeth. Hopefully this will kill it.

Article here.