Obama’s Cap and Trade Policy Will Tax the Middle and Lower Class Unfairly

  President Obama is aggressively pushing his cap and trade policy, this is going to be his next big agenda item. Under the president’s plan taxes will go up as will the cost of energy. And these taxes will be raised on everybody.

  According to a new study released by the Tax Foundation, Obama’s plan will unfairly tax the working families and lower class in America.

the bottom 20% of income earners would pay 6.2% of their income towards the tax, while the top 20% of income earners will pay 1.4%.

  But the tax burden won’t just fall on the working families, it will also fall on the young, the old, and the single parents.

the cost of Obama’s cap-and-trade scheme will cost each household $1,218, with the heaviest burden on single-parent households and those living alone. Others who would be most affected include those under 25 and over 75 years of age

  The average tax burden will be over $1,200 a year, during a time of recession Obama is planning on taking away more of our money through this scam. Look at the groups that will be most hurt by his policies, the old and single parents, these are the people who need the money the most and Obama is going to take it away from them. $1,2oo is allot of money to a woman who has to buy diapers and baby formula and $1,200 is allot of money to an older couple who has to heat their home in the winter.

    To the surprise of nobody, Greenpeace is claiming that the Tax Foundation’s study is flawed because they didn’t take into account some tax breaks for the lower classes, here is how the Tax Foundation relied.

They can talk all they want about offsets and other benefits that they plan to give the poor to make up for this new additional heavy tax burden. There is a very real and immediate tax imposed on working families, and then there is a future promise of some theoretical benefit or handout that will somehow make it all better,” said Landrith. “Con men usually make the argument better than that

  The bottom line here is, and Obama’s ultimate goal is and always has been, that everyone is going to get a tax increase. And contrary to what Obama claims the poorer among us are going to feel the pain much more than the wealthy.

  We will sacrifice for the dear leader; remember he said we can’t keep our houses at 72 degrees and drive big, fancy gas-guzzling cars everywhere; but while we feel the pain he will be flying all across the world in Air Force one, as will Nancy Pelosi and the rest of them.

  We need to sacrifice, when will they do the same?