National Debt Clock

Thursday, March 19, 2009

Obama Climate Plan Could Cost $2 Trillion

1. Obama gives "middle-class" tax cuts
2. Obama proposes using the majority of the money generated from a cap-and-trade plan to pay for said tax cuts
3. US businesses either pass on the tax hike to customers in terms of higher prices or they go overseas where taxes for emission are cheaper
4. US loses jobs and customers now have to pay more money to buy US products

Where in this logic will we be improving the economy: higher prices and out-sourced jobs? Regardless of whether you think saving the environment is a noble cause, our economy won't be able to take this kind of hit.

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