1. Under the Freedom of Information Act, a Treasury Department report from March 2009 was made public. The report stated that Obama's "Cap and Trade" plan for limiting carbon dioxide emissions will cost each American household $1761 per year.
2. In April 2009, just one month later, Congressman Henry Waxman (D-CA), Chairman of the Energy and Commerce Committee, stated in hearings that the Cap and Trade bill will cost each American household only 40 cents per day which is $146 per year. He was wrong by 1200% according to the official (originally "Restricted") government report. In his position, Waxman had to know about the Treasury Department study. Waxman lied!
3. In June 2009, just one month later, Obama gave a speech and said Cap and Trade would cost each American Household, in 10 years, about the price of a stamp today, about 40 cents. This is in line with Waxman's statement, except in 10 years you can be sure that costs will go up as they do in every single government program. He was wrong by at least 1200% and probably much more 10 years out. Obama lied!
4. An increase in cost for each household of $1761 per year is, on average, equivalent to an increase in taxes of 15% per household. Remember Obama's promise of no tax increases for those making les than $250,000 per year. Obama's Cap and Trade plan is a sneaky way of increasing everyone's taxes; it's an indirect, or hidden tax, that shows up in you gas and electric bills and in higher prices of goods you buy as manufacturers and farmers pay more for the energy they use. This way Obama can claim he didn't directly raise your taxes, but you pay more taxes nonetheless through this roundabout underhanded way. Obama lies once again!
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