Freedom Line Blog

The Tax that Isn’t a Tax Because President Obama Isn’t a Liar, and Even if He Were, He Wouldn’t Lie About Something Like Taxes on the Middle Class, Except to Stop Global Warming, Which May or May Not Be Real, Depending On Who Is Lying About that

Declan McCullagh reports at cbsnews.com:

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 that 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.”

The documents were obtained under a Freedom of Information Act request from the Competitive Enterprise Institute.