Forest, Wildlife, and Climate News

President Obama Says National Energy Tax is Non-Negotiable

Freedom Project, March 23, 2009 [here]

The Associated Press reports [here] that President Obama’s jobs-killing national energy tax proposal won’t be “subject to wheeling and dealing.” According to AP:

President Barack Obama’s aides say the administration will work with Congress on his budget proposal, but energy independence is not subject to wheeling and dealing. …

Democrats worry the [President's budget proposal] inflates deficit spending; the Congressional Budget Office estimates Obama’s budget would generate $9.3 trillion in red ink over the next decade. Republicans say it would impose massive tax increases, including on polluters; Washington could raise billions from companies that use unclean fuels, what GOP leaders called a carbon tax.

The President’s massive, new, and non-negotiable national energy tax will hit poor and middle income families hardest, and will cripple small businesses and states with manufacturing jobs. The Wall Street Journal says it could cost taxpayers more than $629 billion [here].

Governor Haley Barbour blasted the energy tax in the Republican Weekly Radio Address [here]:

The cap and trade tax and other energy taxes will drive up both electricity and gasoline prices for families and for businesses. And while Wall Street gets trillions to bail them out, small businesses will get stuck with not only income tax increases but also enormous cost increases for energy: for electricity and gasoline. Families will get clobbered, too.

Don’t take my word for it; listen to what Barack Obama himself told The San Francisco Chronicle last year, and I quote: “Under my plan of cap and trade, electricity rates would necessarily skyrocket.”

And President Obama was right. His energy taxes, like the cap and trade tax, will drive energy costs for American families through the roof.