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 Whoa! Obama Admin: Cap And Trade Could Cost Families $1,761 A Year

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Whoa! Obama Admin: Cap And Trade Could Cost Families $1,761 A Year Vide
PostSubject: Whoa! Obama Admin: Cap And Trade Could Cost Families $1,761 A Year   Whoa! Obama Admin: Cap And Trade Could Cost Families $1,761 A Year Icon_minitimeThu Sep 17, 2009 5:28 am
The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year.

http://www.cbsnews.com/blogs/2009/09/15/taking_liberties/entry5314040.shtml
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