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Author: Subject: Ooops. Cap'n'tax to cost families $1,000 more than previously stated

Peach Extraordinaire





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  posted on 9/17/2009 at 08:17 AM
Is BarryO and economic illiterate or a liar? Read the following and decide. (Hint: the administration was apparently aware of the Treasury estimates but decided to stick with their story about the cap'n'tax only costing average families $700+ a year).

# # #

Obama Administration: Cap and Trade Could Cost Families $1,761 Per Year

Newly released Treasury documents show that cap-and-trade energy legislation could cost some American families $1,761 a year in new taxes. An analysis of the proposed environmental legislation, obtained under the Freedom of Information Act by the Competitive Enterprise Institute, estimates that cap and trade will require about $100 billion to $200 billion in new taxes, or 1 percent of the nation's GDP.

The Treasury's estimate falls in the middle of the disparate predictions other lawmakers and analysts have made. House Republican leader John Boehner estimates $3,100 per year in new taxes per family, while Democrats supporting the bill looked to MIT estimates of $800 per family. The conservative Heritage Foundation estimated that families would see their energy costs rise $1,500 per year.

A $200 billion tax increase would be the equivalent of the federal income tax rising by 15 percent per year.

# # #

Gotta love that 'hope' and 'change.'

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 
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Peach Extraordinaire



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  posted on 9/17/2009 at 08:29 AM
quote:
I'll pass on the conservative review (CEI) and wait for the final legislation. Thanks though!


Aren't you glad SOMEBODY is keeping the Immaculate One quasi-honest?

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Peach Extraordinaire



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  posted on 9/17/2009 at 08:37 AM
quote:
quote:
quote:
I'll pass on the conservative review (CEI) and wait for the final legislation. Thanks though!


Aren't you glad SOMEBODY is keeping the Immaculate One quasi-honest?

Until it's real and in the books, it's speculative. But you enjoy your speculation, I know how you and your team enjoy it so.


It's not speculation if this is what they are proposing as they clearly are. Would you prefer it gets in the books and THEN realize it's a disaster? Your priorities are askew.

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Peach Extraordinaire



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  posted on 9/17/2009 at 10:05 AM
quote:
quote:
quote:
quote:
quote:
I'll pass on the conservative review (CEI) and wait for the final legislation. Thanks though!


Aren't you glad SOMEBODY is keeping the Immaculate One quasi-honest?

Until it's real and in the books, it's speculative. But you enjoy your speculation, I know how you and your team enjoy it so.


It's not speculation if this is what they are proposing as they clearly are. Would you prefer it gets in the books and THEN realize it's a disaster? Your priorities are askew.

If these cost estimates are real, it will never come to pass. It's the CEI's job to get your panties all in a wad over this, and they've clearly succeeded.


You seem quite laz a fair in the fact that your messiah has been lying to you on a pretty consistent basis.

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Peach Extraordinaire



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  posted on 9/17/2009 at 11:08 AM
quote:
quote:
You seem quite laz a fair in the fact that your messiah has been lying to you on a pretty consistent basis.

Whatever you say, Wilson Jr.


$700 as opposed to $1,700+ is merely, to carry the Frenchspeak forward, the example du jour.

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Peach Head



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  posted on 9/18/2009 at 09:17 AM
Learn to understand English first before moving to French RBK. For some reason, you seem to be hearing things that aren't there...well, you may hear the voices but nobody else does
 

Zen Peach



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  posted on 9/18/2009 at 10:22 AM
quote:
You seem quite laz a fair in the fact that your messiah has been lying to you on a pretty consistent basis.
The French have called and would like you to stop butchering their language when you use it in your pompous attempts to be sophisticated and witty. (not working on either count and I'm guessing you meant to say laissez faire).

[Edited on 9/18/2009 by lolasdeb]

 

____________________
"Come on down to the Mermaid Cafe and I will buy you a bottle of wine, and we'll laugh and toast to nothing and smash our empty glasses down..."

 

Peach Extraordinaire



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Posts: 4433
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  posted on 9/18/2009 at 10:24 AM
quote:
quote:
You seem quite laz a fair in the fact that your messiah has been lying to you on a pretty consistent basis.
The French have called and would like you to stop butchering their language when you use it in your pompoius attempts to be sophisticated and witty. (not working on either count and I'm guessing you meant to say laissez faire).


"Pompouius"?

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Zen Peach



Karma:
Posts: 18593
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Registered: 11/20/2006
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  posted on 9/18/2009 at 10:29 AM
quote:
quote:
quote:
You seem quite laz a fair in the fact that your messiah has been lying to you on a pretty consistent basis.
The French have called and would like you to stop butchering their language when you use it in your pompous attempts to be sophisticated and witty. (not working on either count and I'm guessing you meant to say laissez faire).


"Pompouius"?
"laz a far"?

 

____________________
"Come on down to the Mermaid Cafe and I will buy you a bottle of wine, and we'll laugh and toast to nothing and smash our empty glasses down..."

 

Peach Extraordinaire



Karma:
Posts: 4433
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Registered: 2/27/2006
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  posted on 9/18/2009 at 10:39 AM
quote:
quote:
quote:
quote:
You seem quite laz a fair in the fact that your messiah has been lying to you on a pretty consistent basis.
The French have called and would like you to stop butchering their language when you use it in your pompous attempts to be sophisticated and witty. (not working on either count and I'm guessing you meant to say laissez faire).


"Pompouius"?
"laz a far"?


You're lecturing me on misspelling a French phrase and you can't spell an English word, albeit with French roots? Quit while you're behind, honey.

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Peach Extraordinaire



Karma:
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Registered: 2/27/2006
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  posted on 9/18/2009 at 10:46 AM
Back to the point. BarryO said cap'n'tax would cost American families an average of $700 and change a year. The treasury said it could be $1,000 more than that. Why would BarryO lie?

 

____________________
As a patriot and a loyal member of the opposition I pledge to offer our new President the very same benefit of the doubt and unwavering support that the left offered George Bush over the last eight years.

 

Zen Peach



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  posted on 9/18/2009 at 11:39 AM
More lies from RBK

quote:
For the better part of the year, conservative critics of energy reform have said a cap-and-trade policy would place too high a burden on American consumers. Republican lawmakers, in particular, insisted that the proposal would, on average, cost the typical American home an additional $3,128 a year. The claim was demonstrably ridiculous. After it was debunked, GOP leaders kept repeating it anyway.

The good news is, the right has largely curtailed use of the $3,128 figure. The bad news is, conservatives have a new number, and it's wrong, too.

CNN's Lou Dobbs, for example, said yesterday that "crap-and-trade" -- that erudite Dobbs has a way with words -- would cost "almost $1,800 a year" per U.S. household. Around the same time, Fox News' Glenn Beck said there's proof of this higher cost in Treasury Department memos, but there's been a "cover-up." Declan McCullagh, a blogger for CBS News, helped get the media clowns worked up on this, arguing that the administration suppressed reports showing that energy reform would cost consumers "$1,761 a year."

It appears the House Republican Conference is responsible for creating this lie in the first place, pushing the bogus number on Wednesday. If the right is going to keep using the number, we might as well take a moment to acknowledge reality. And in this case, as Assistant Treasury Secretary Alan Krueger explained yesterday, the $1,761 figure is nonsense.

"The reporting on the Treasury analysis is flat out wrong. Treasury's analysis is consistent with public analyses by the EIA, EPA, and CBO, and the reporting and blogging on this issue ignores the fact that the revenue raised from emission permits would be returned to consumers under both administration and legislative proposals. It is time for an honest debate about how to solve a long-term challenge and deliver comprehensive energy reform - not for misrepresentations of the facts."

Media Matters also did some helpful fact-checking.

Numerous conservative media figures have seized on outdated Treasury Department memos obtained September 11 by the Competitive Enterprise Institute (CEI) to falsely suggest that the Obama administration estimates that cap-and-trade legislation recently passed by the House of Representatives would cost up to $200 billion per year or $1,761 per household, and that, in Sean Hannity's words, "they didn't tell you the truth." However, the Treasury memos do not address the current House climate change bill but, rather, a proposal that would auction 100 percent of the emissions allowances; the bill under consideration spends revenue created by the program to offset costs to households and businesses.

The numbers found in the Treasury memos scrutinize a specific proposal -- that bears no resemblance to the proposed legislation. The League of Conservation Voters' Navin Nayak argued this is like "pricing the health care bills currently in front of Congress based on a single-payer system."

So, if the conservative claims are patently false, what are the actual costs associated with the Democrats' cap-and-trade proposal? According to the Congressional Budget Office, which Republicans occasionally listens to, the average would be about $175 per household -- about the price of a postage stamp per day.

Dobbs, Beck, McCullagh, and the House Republican Conference, in other words, were only off by a factor of 10.

 

____________________
Missing- 245 spines. If found, please send one to 1600 Pennsylvania Ave and the rest to the Capitol building care of the Democratic Party.

 
 


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