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Car Forum / Toyota / Toyota Cars / February 2009

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{OT} Obama wants to raise money via pollution caps: reports

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dbu' - 26 Feb 2009 19:54 GMT
<http://www.breitbart.com/article.php?id=CNG.2b04b3e135c9639d2bbf7a45f32c
5bad.201&show_article=1>

Oh yeah, bring it on.  Get us deeper into the poorhouse and generate
more unemployment.  The dims are spending fools.  

Wait till you get your tax bills folks.  If you think the rich are going
to pay for all this dim spending, you got a BIG surprise waiting for
you.  

Obama wants to raise money via pollution caps: reports

Feb 26 10:55 AM US/Eastern

President Barack Obama will propose raising new revenue through a
greenhouse gas cap and emissions trading scheme when he unveils his
first budget on Thursday, US media reported.
The budget he will present assumes an emissions trading system will
generate revenue by 2012, the Washington Post reported.
Fifteen billion dollars of the money generated would be directed to
clean-energy projects, the Post said, citing sources familiar with the
document.
Another 60 billion would go to tax credits for lower- and middle-income
working families, and the rest to help families, small businesses and
communities deal with higher energy costs, the paper reported.
The Post cited testimony to Congress in September by Peter Orszag,
currently Obama's budget director, estimating that revenue from a
cap-and-trade scheme could reach 112 billion dollars by 2012.
According to Orszag, who at the time was director of the Congressional
Budget Office, the program -- which would force companies to buy permits
if they exceed pollution emission limits -- could generate between 50
and 300 billion dollars a year by 2020.
The New York Times also reported that the projected revenues would
subsidize research and development of alternative energy sources.
The recently passed economic stimulus package already includes billions
of dollars to help develop a national electricity grid to distribute
energy from alternative energy sources such as wind farms.
Carbon dioxide, methane and other greenhouse gasses are the main
culprits in causing global warming.
According to the Times, which cites unnamed administration officials,
Obama's budget will also propose reducing the tax benefit of itemizing
deductions, a move that would mostly affect wealthy Americans.
Signature


"It's deja vu all over again"
Yogi Berra

bogusmailmark@yahoo.com - 26 Feb 2009 20:03 GMT
It makes me glad my income has fallen below $250K, but I am sure you
are right about the line of demarcation falling...  pretty soon if you
are living anywhere above poverty level, and especially if you have
substantial assets (not necessarily income) you are going to feel very
threatened, if not by confiscation of assets via taxation or other
means then by runaway inflation that renders most stores of value you
may have accumulated irrelevant.
Scott  in  Florida - 27 Feb 2009 00:11 GMT
>It makes me glad my income has fallen below $250K, but I am sure you
>are right about the line of demarcation falling...  pretty soon if you
[quoted text clipped - 3 lines]
>means then by runaway inflation that renders most stores of value you
>may have accumulated irrelevant.

The 'underground' economy will crank up....big time.

Signature


Scott in Florida

dbu' - 27 Feb 2009 01:48 GMT
> >It makes me glad my income has fallen below $250K, but I am sure you
> >are right about the line of demarcation falling...  pretty soon if you
[quoted text clipped - 5 lines]
>
> The 'underground' economy will crank up....big time.

and obama is a dunce.  Along with that woman, nancy pe and her criminal
partner harry reid.  They should all be arrested and imprisoned for
crimes against America.
Signature


"It's deja vu all over again"
Yogi Berra

ByTor - 26 Feb 2009 23:27 GMT
> <http://www.breitbart.com/article.php?id=CNG.2b04b3e135c9639d2bbf7a45f32c
> 5bad.201&show_article=1>
[quoted text clipped - 38 lines]
> Obama's budget will also propose reducing the tax benefit of itemizing
> deductions, a move that would mostly affect wealthy Americans.

Here in PA we are already expecting a HUGE increase, 36%, in electricity
prices (price cap expiration), so huge they have been warning us &
creating a program to start paying extra now to absorb the impact.
While a claim was made by the energy commisioner I believe, I have to
look, the tax cut on a portion of payroll taxes that we save will help
offshoot the cost, extra cost imposed by emission taxes. So where's the
real savings? Back to square one I assume.

this was all happening before this energy saving crap..........

http://www.eia.doe.gov/cneaf/electricity/page/restructuring/pennsylvania
.html

08/08:  The Pennsylvania Public Utilities Commission approved a rate
stabilization plan for PPL Electric Utilities Corporation, which is
designed to allow customers to prepay in anticipation of large price
increases for supply service that will occur when PPL?s generation rate
caps expire on Dec. 31, 2009. In its filing, PPL projected a 34.5
percent increase for the average residential customer using 1,000 kWh
per month. Because of its projected increase, PPL had sought approval to
phase in the estimated 2010 rate increase. As part of the plan, PPL
customers can choose to make additional payments and receive
corresponding credits on their electric bills through Dec. 31, 2011. The
plan is available to residential, small commercial, small industrial and
certain street lighting customers.

Source:  Pennsylvania Public Utilities Commission
http://www.puc.state.pa.us/
ByTor - 26 Feb 2009 23:41 GMT
> > <http://www.breitbart.com/article.php?id=CNG.2b04b3e135c9639d2bbf7a45f32c
> > 5bad.201&show_article=1>
[quoted text clipped - 67 lines]
> Source:  Pennsylvania Public Utilities Commission
> http://www.puc.state.pa.us/

Christina Romer (Chief Economic Advisor) said this on the news earlier
to that effect of what I mentioned. I tried to find her exact quote as I
think its to early for print. I don't wanna appear that I'm
misquoting........;0)
ByTor - 26 Feb 2009 23:51 GMT
> > <http://www.breitbart.com/article.php?id=CNG.2b04b3e135c9639d2bbf7a45f32c
> > 5bad.201&show_article=1>
[quoted text clipped - 67 lines]
> Source:  Pennsylvania Public Utilities Commission
> http://www.puc.state.pa.us/

Christina Romer (Chief Economic Advisor) said this on the news earlier
to that effect of what I mentioned. I tried to find her exact quote as I
think its to early for print. I don't wanna appear that I'm
misquoting........;0)
Mike Hunter - 27 Feb 2009 00:14 GMT
Every economist I've read or seen on TV says higher taxes, for everyone, is
inevitable to pay for a massive increases in the national debt of nearly two
trillion dollars.

Only those 49% of Americans who do not pay taxes now, think BO is on the
correct road to recovery, by spending even more of our money

In article <nospam-A6B0EB.13545326022009@news.giganews.com>,
nospam@nobama.com.invalid says...

> <http://www.breitbart.com/article.php?id=CNG.2b04b3e135c9639d2bbf7a45f32c
> 5bad.201&show_article=1>
[quoted text clipped - 38 lines]
> Obama's budget will also propose reducing the tax benefit of itemizing
> deductions, a move that would mostly affect wealthy Americans.

Here in PA we are already expecting a HUGE increase, 36%, in electricity
prices (price cap expiration), so huge they have been warning us &
creating a program to start paying extra now to absorb the impact.
While a claim was made by the energy commisioner I believe, I have to
look, the tax cut on a portion of payroll taxes that we save will help
offshoot the cost, extra cost imposed by emission taxes. So where's the
real savings? Back to square one I assume.

this was all happening before this energy saving crap..........

http://www.eia.doe.gov/cneaf/electricity/page/restructuring/pennsylvania
.html

08/08:  The Pennsylvania Public Utilities Commission approved a rate
stabilization plan for PPL Electric Utilities Corporation, which is
designed to allow customers to prepay in anticipation of large price
increases for supply service that will occur when PPL?s generation rate
caps expire on Dec. 31, 2009. In its filing, PPL projected a 34.5
percent increase for the average residential customer using 1,000 kWh
per month. Because of its projected increase, PPL had sought approval to
phase in the estimated 2010 rate increase. As part of the plan, PPL
customers can choose to make additional payments and receive
corresponding credits on their electric bills through Dec. 31, 2011. The
plan is available to residential, small commercial, small industrial and
certain street lighting customers.

Source:  Pennsylvania Public Utilities Commission
http://www.puc.state.pa.us/
 
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