Wednesday, September 16, 2009

Cap – n - Tax

The Obama Administration is now admitting that their energy bill will cost the average American household close to $1,800 per year, or about the equivalent of a 15% increase in income taxes.

Keep in mind that virtually no federal legislation comes in at budget, so don’t be surprised if the actual cost is eventually double or triple these initial estimates.

All in the name of taking your money to make politically connected corporations like GE more profitable.

Well, and to curry favor with some European governments. And attempt to appease China and India on climate talks. Not that that will do any good; neither China or India is going to put their populations on the rack for global warming, unless they are extremely well compensated.