Cap and Trade Lie Exposed

By Caomhin

Leftists were adamant that opponents to the Cap and Trade bill were lying, that cost would be minimal and that opponents of this legislation were stating a falsehood when we noted that this bill would lead to a large tax imposed on every American and have very negative effects on our economy.  Guess who was correct:

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 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.

Obama officials released this study, not energy groups or opponents of the legislations but the SUPPORTERS of this legislation.  Obama’s own Administration (remember, the Treasury is led by tax cheat Tim Geithner) concluded this and concealed this information, all the while trying to maintain the lie that they won’t raise taxes on “95%” of Americans.  Of course we all knew he and his liberal allies were lying about this but we’re the ones who were catching flack for calling them out on it.  I’m not holding my breath for an apology either.  However, how dishonest can one be to conclude that the upper range for the tax burden on the average American family will be an extra $1,761, withhold that information and then dump the info after being sued under the Freedom of Information Act to release it?

Two other pieces to take away from the article, the first:

One odd point: The document written by Jaffee includes this line: “It will raise energy prices and impose annual costs on the order of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX.” The Treasury Department redacted the rest of the sentence with a thick black line.

The Freedom of Information Act, of course, contains no this-might-embarrass-the-president exemption (nor, for that matter, should federal agencies be in the business of possibly suppressing dissenting climate change voices). You’d hope the presidential administration that boasts of being the “most open and transparent in history” would be more forthcoming than this.

Declan McCullagh has that right, though I’m a bit more cynical than that.  Obama has been on record even after this horrific bill passed the House maintaining that taxes on the middle and lower classes wouldn’t be raised by one cent, but he KNEW that was false per these documents.

The last point to take away is the hilarious update where the Environmental Defense Fund says that the Treasury Department is wrong about the cost of Cap and Trade on the average American family because the Treasury Department hasn’t factored in the “redistribution of revenue.”

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