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Friday, March 12, 2010
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- Ask Your Virginia Legislator to Vote "NO" on Any Budget Containing Higher Taxes
-
ATR Supports H.R. 4781, the
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Thursday, March 11, 2010
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Wednesday, March 10, 2010
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Tuesday, March 9, 2010
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Monday, March 8, 2010
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Friday, March 5, 2010
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Thursday, March 4, 2010
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Wednesday, March 3, 2010
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Tuesday, March 2, 2010
- Energy Tax Hike Series: Superfund Tax Reinstated
Monday, March 1, 2010
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Friday, February 26, 2010
ATR Energy Tax Hike Series: Cap and Trade
From Brian M. Johnson & Ryan Ellis on Monday, April 6, 2009 9:30 AM
Below is the ATR energy tax hike series on cap and trade. ATR sends each item in the series to all members of Congress. If your member of Congress votes for this proposal...they can't say they "didn't know" this would cost jobs in your town.
ATR Obama Budget Analysis: Energy Tax Hike Series
Cap and Trade
Current Law
When world economies engage in global trade, there must be production of goods. This production of goods emits carbon. Under the Kyoto Protocol, several countries have implemented a method of cap and trade. Cap and trade is a system by which the government sets an arbitrary level, or “cap”, on the amount of carbon that companies are allowed to emit. Companies must then purchase credits from the government that represent the right to emit a specific amount. Companies that wish to increase their emissions must buy credits (the “trade”) from those who produce less.
In an effort to maintain United State competitiveness and productivity, there is not a current cap and trade system in effect. Every cap and trade system proposed in the U.S. Congress has been rejected by not only members, but the general public as well.
Obama Proposal
The Obama FY 2010 budget proposal will implement a cap and trade system on all American businesses.
ATR Analysis
The implementation of a cap and trade program on American businesses will result in a tax increase of $646 billion dollars over 10 years as called for in the Obama budget.
When fully phased in, this will be a $100 billion per year tax on American businesses and a $3,100 tax on every American family. This tax will decrease U.S. competitiveness and increase consumer costs.
Cap and trade systems punish businesses for being successful. As companies become more successful and employ more Americans, their production of goods increases. Along with this production, comes the natural byproduct from increased energy use. The purposeful taxation of this success by forcing an arbitrary cap on production emissions is counterproductive to a prosperous economy. Every family in America will pay this cap and trade tax in the form of higher energy prices.
For more information, contact tax policy director Ryan Ellis at rellis@atr.org or federal energy manager Brian Johnson at bjohnson@atr.org
Click here for the printable PDF.
Permalink | Email | Print | Tags: ENERGY, POLITICS, CONGRESS, SPENDING, OBAMA, BUDGET, Federal
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Comments
I am against any new tax that government wants to put on the American people. This cap and trade tax is just more control for government and takes more of my hard earned money. The current administration needs to do the same. When I hear of a Billion dollars cut from a budget I may begin to see they hear what we are saying from the TEA Parties. But only cutting $100 million is nothing more than a joke. The majority of American's can see right through this farce.
>> CoonOkie Friday, May 1, 2009 2:19 PM
Your own numbers don't track. $646 billion over ten years is $65 billion per year, not $100 billion. And $100 billion in taxes passed on to the 117 million families in this country (your figure) comes to under $900 a year, not $3100.
>> Freya Friday, May 15, 2009 9:56 PM
Im wondering if this is part of Obamas "I will not tax the Middle Class" plan??
>> Vaughn Thursday, June 25, 2009 8:02 AM