Obama Climate Plan? Yep, 2 Trillion!

[MacUser]

http://www.washingtontimes.com/news/200 ... -trillion/

President Obama's climate plan could cost industry close to $2 trillion, nearly three times the White House's initial estimate of the so-called "cap-and-trade" legislation, according to Senate staffers who were briefed


( Note: And here is the kicker -- liberal selling point -- regardless if Global WARMING is even true or not. Redistribution of wealth to non workers. Amazing. )

... Obama administration has proposed using the majority of the money generated from a cap-and-trade plan to pay for its middle-class tax cuts


*****

Do you think American business is just going to PAY for this... or PASS it onto us as ANY business does? Beam me up Scotty.

Refuse ANY TAX increase based on the now proven bogus Global Warming tax scheme.

[Tim Elston]

I'd prefer not to spend a dime on the perceived global warming problem, but my guess is that the large number is intended to incentivize businesses to put money into alternative energy investment rather than pay for costly emissions rights. Over eight years, $1.9 trillion is $237 billion per year, much, but not most, of which would probably go into alternative energy investment.

The refrain that all this amounts to "redistribution of wealth to non-workers" is a tired lark.

[MacUser]

... Obama administration has proposed using the majority of the money generated from a cap-and-trade plan to pay for its middle-class tax cuts

[Tim Elston]

... Obama administration has proposed using the majority of the money generated from a cap-and-trade plan to pay for its middle-class tax cuts

In other words, "redistribution of wealth to non workers" does not characterize it.

[MacUser]

Tim,
Really? Well this is a key learning moment for you.

Liberal Keyword Translation: Anytime President Obama mentions Middle Income Tax cut.. it includes free Govt. money to people whom didn't earn it.

That is wealth redistribution and defers back to my original post.

[Tim Elston]

Liberal Keyword Translation: Anytime President Obama mentions Middle Income Tax cut.. it includes free Govt. money to people whom didn't earn it.

The unemployed don't pay income taxes, so an income tax break on the middle class doesn't include them.

[MacUser]

The unemployed don't pay income taxes, so an income tax break on the middle class doesn't include them.

Exactly Tim. You are resoundingly right. But go tell Obama your logic and learn how a middle income tax break (aka Tax Credits in liberal speak) always includes giving free money to people that didn't pay any in.

[JustJay]

Here Here!!!

[Tim Elston]

Exactly Tim. You are resoundingly right. But go tell Obama your logic and learn how a middle income tax break (aka Tax Credits in liberal speak) always includes giving free money to people that didn't pay any in.

You're going to have to enlighten me on the details. How does an income tax break on wage earners cause giving free money to people who don't pay income tax?

[MacUser]

You're going to have to enlighten me on the details.

Tim,
This is where I begin to doubt your sincerity. This isn't hidden knowledge.
Remember the Joe the Plumber Obama slip up about "spreading the wealth around."?


Obama budget: restoring income equality in the US?
http://www.csmonitor.com/2009/0316/p15s01-wmgn.html

... It would create or expand a number of "refundable" tax credits that are targeted toward lower earners, including some who do not pay income taxes at all.

[Tim Elston]

Obama budget: restoring income equality in the US?
http://www.csmonitor.com/2009/0316/p15s01-wmgn.html

... It would create or expand a number of "refundable" tax credits that are targeted toward lower earners, including some who do not pay income taxes at all.

It's a good article, MacUser. The statement you quoted merits investigation, but the likelihood is that this is referring to tax credits on the income of workers who earn so little that they pay no income tax after standard deductions. It probably does not apply to non-workers, because you can't get a tax credit on income you don't have.

The article also said this, along with many other good things: "Between 2003 and 2005, the economy and the Bush tax cuts redistributed $3,660 in pretax income on average from the bottom 109 million households to the remaining 4 million or so richest households." The redistribution of wealth from poor and middle class workers to the richest fat cats over the last twenty years has been without precedent. Tax the rich robber barons and make them whine their conservative whitewashing rhetoric until they are flipping burgers.

[MacUser]

Tim,
Class warfare or targeting, demonizing and then taxing the people ( that create jobs, spend money ).. isn't going to jump start the economy or get any free money deposited into your or my bank account. You will not be one red cent happier. As a matter of fact.. it just might work against your current balance in the long run.


With your last comments you basically come full circle and validate my original post that regardless if Global WARMING is even true or not.... the true focus is redistribution of wealth.

[Tim Elston]

With your last comments you basically come full circle and validate my original post that regardless if Global WARMING is even true or not.... the true focus is redistribution of wealth.

The rich can cry me a river.

[Full Quiver]

The rich can cry me a river.

The epitome of jealousy and liberalism.

[MacUser]

The rich can cry me a river.

LOLOL.. I love you Tim...

and as your virtual friend I will prove it with some sound advice... you have to release the anger and hatred. It will consume you for no purpose. The mob isn't your friend... but will run over you also in the frenzy.