If you heard it once during the 2008 presidential campaign, you heard it a thousand times: Barack Obama will not raise taxes on anyone making less than $250,000 a year. Obama made the pledge most emphatically in New Hampshire, where people live free and die knowing they paid low taxes. "I can make...
"I think if you get into the way it was written, it's a huge tax and there's no sense calling it anything else. I mean, it is a tax ." So says Warren Buffett , Chairman of Berkshire Hathaway and perhaps even more importantly, one of the President's biggest supporters in the economic...
Posted to
AIP Blog
by
Despina Karras
on
06-28-2009
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Filed under: energy, cap and trade, capitalism, free market, stimulus package, government spending, taxes, stimulus, job losses, tax issues, economic crisis, regulation, unemployment, green jobs, cap and tax, consumers, economics, environmentalists
Everyone knows that a new cap-and-trade energy policy would hurt the wallets of American consumers, but how much? The Tax Foundation has created the Household Cap-and-Trade Burden Calculator in an attempt to answer that question on an individual basis. According to the Tax Foundation : The calculator...