snuffy wrote:For the record, I resent gratitious taxes and the Obama Carbon tax meets this definition. I found the apparent source of the Patriots news on taxing carbon at the source. Businessweek puts it this way "In his budget, Obama included a "cap-and-refund" proposal that puts a strict limit on pollution that causes global warming and uses a permit auction to make large companies pay for the right to pollute. The cap on emissions will increase the price of fossil-fuel-based energy to encourage efficiency and new technologies. To protect consumers from rising prices, Obama's plan refunds the revenue from the auctions directly to the American people through a tax credit."
The refund could be up to $6,000 annually per taxpayer. I don't know about anyone else, but I can't find more cuts in my daily expenses to meet current and future planned tax increases. My solution for me is to quit working so hard - it "ain't" worth it!
I'm a fiscal conservative, and this philosphy by Obama and the Democratic administration is taking the wind right out of my sails if not out of my draft!!
One thing that really scares me over any such proposal like this is funneling money through the government bureaucracy. There has never been a more efficient way to make money disappear than than channeling it through the government.