Saturday, July 2, 2011

Obama’s $80 Billion-a-Year Hidden Tax

May 26, 2009 by Penny Wise  
Filed under Energy & Environment

Candidate Barack Obama promised not to raise taxes on those making less than $250,000 a year, but he rarely mentioned that if elected president he would effectively tax all Americans by supporting a carbon emission cap-and-trade tax program that would increase the price of gasoline by 74%, natural gas by 55%, and electricity by 90%. [...]