- The Second Annual Pat Quinn Income Tax Increase Proposal
- How the FCC Plans to Tax the Internet
- How the FCC Plans to Tax the Internet (Stop eTaxes Site »)
- Oh, the Irony! It's Sunshine Week, So Let's Push Healthcare Bill Through Without Even Voting On It!? (CFA Site »)
Tuesday, March 16, 2010
- Wisconsin Gubernatorial Candidate Scott Walker Signs Taxpayer Protection Pledge
- Why Do We Get Health Insurance from Our Employers Anyway? (ASA Site »)
- The Enormous Price Tag of Government Run Healthcare (ASA Site »)
- Call for Sunshine Week: "Just Give Us The Earmark Data" (CFA Site »)
- PA-12 Special Election Update: Tim Burns Signs the Taxpayer Protection Pledge
- How Government Accounting Works
- ATRF Analysis: The Importance of International Tax Competition
- How Tax Preparation "Simplification" Will Lead to Tax Hikes
- GAO: Implementation of Coburn-Obama Still Lacking in Some Areas (CFA Site »)
Monday, March 15, 2010
- Latest Developments In The Fight To Stop A Govt Internet Takeover
- State of Illinois Launches Sunshine Portal (CFA Site »)
- China Buys Our Debt, We Give Them Renewable Energy Stimulus Jobs...Seems About Right
- ATR Urges Governor McDonnell to Sign Bill to Abolish State Run Tax Filing
- Saving the Sea Turtles...But at What Cost? (PRA Site »)
- Craig Miller Signs Taxpayer Protection Pledge in FL-24
- Next Week is Sunshine Week! (CFA Site »)
- The Economics of #StimulusFail
- Missouri Unions and Andy Stern on the Same Page: Raise Taxes (AWF Site »)
- Obamacare, Free Trade, & Our Economic Prosperity
Friday, March 12, 2010
- Rusty Bowers Signs the Taxpayer Protection Pledge for AZ-01 Race
- Ask Your Virginia Legislator to Vote "NO" on Any Budget Containing Higher Taxes
-
ATR Supports H.R. 4781, the
"Keeping American Businesses
Competitive Act of 2010" - Ronald Reagan Legacy Project Urges Naming of California High School After Reagan
- Democrats Attempt to Subvert Congress in Hopes of Carbon Regulation
- Economic Issues Dominate at the Bloggers Briefing
- Pushback Against EPA’s Attempts to Regulate Carbon Emissions Grows
- Minnesota Gubernatorial Candidate Running on a Platform of Tax Hikes
Thursday, March 11, 2010
- Michigan Jobs Ain't What They Used To Be...Unless You Work For The Government
- ATR and CFA Support Earmark Moratorium
- Voter Fraud in the Name of Tax Hikes
- Ballooning Deficits in Greece Foreshadowing Future for the U.S.? (ASA Site »)
- Green Jobs FAIL
- The Evergreen Tax and Fee Spree
- ATR Staffer Testifies Before U.S. House Energy & Commerce Select Committee
Wednesday, March 10, 2010
- The endemic rot in government run health care
- The Debt Panel's 800-lb. Gorilla: Why Andy Stern Stands Out
- The Left Agree: Obamacare Ushers In Their Radical Ideological Agenda
- We Ought Focus On Cutting Taxes & Spending, Not Deficits
- The Debt Panel's 800-lb. Gorilla (AWF Site »)
-
Does the Obamacare Investment Surtax
Apply to Capital Gains? - ATR Urges Opposition to Sen. Isakson Pension Bailout
- Taxpayers to Legislators: Clean Virginia Budget of Taxes
- ATR Supports the Georgia JOBS Act
Tuesday, March 9, 2010
- ATR Urges Utah Governor Herbert to Veto Tax Increase
- More on the VAT
- Public Sector Jobs
- How 550,000 jobs were destroyed by the minimum wage hike
- How Obamacare Will Hurt Poor Women & Children Most
- Federal Workers Make $11,000 More Than Private Sector Workers, and There’s More of Them (AWF Site »)
Monday, March 8, 2010
- Legislation Introduced to Put Ronald Reagan on the $50 Bill
- Pledge Signer Wins Illinois Republican Gubernatorial Primary
- "Net Neutrality" To Kill Jobs
- NY Supreme Court Votes to Evict Residents and Close Businesses (PRA Site »)
- California US Senate Candidates Square Off in First Debate
Friday, March 5, 2010
- ATR and CFA Support the Spending Limit Amendment
- Utah Representative Breaks Tax Pledge
- AWF Will Rate Vote on House Jobs Bill (AWF Site »)
- Energy Tax Hike Series: Use it or Lose it Tax
Thursday, March 4, 2010
- The reliability of spending "estimates"
- Utah State Senator Tries to Sweeten Tax Hike with Pork
- Obama Administration Makes Attempt to Seize Millions of Acres Across America (PRA Site »)
- More "Stimulus" Boondoggles - Social Engineering and Lobbying for Higher Taxes
- Energy Tax Hike Series: Raises Taxes on Tertiary Injectants
Wednesday, March 3, 2010
- Is This Reality or a Science Fiction Dystopia?
Tuesday, March 2, 2010
Obama Proposes Over $220 Billion in New Energy Taxes
From Brian M Johnson on Tuesday, February 9, 2010 11:47 AM
The President’s FY 2011 budget contains hundreds of billions of dollars of new taxes on energy production and consumption. These taxes will result in higher prices at the pump, increased utility bills and less American energy jobs as companies flee the U.S. to avoid these industry crippling taxes.
The full energy tax booklet is available here.
Below is a breakdown of some of energy taxes Obama supports:
| Energy Tax | FY 2011 |
FY 2011-2020 | Industry Impact |
| Increase Amortization Period | $44 million | $1 billion | $1 billion |
| Modify Cellulosic Biofuel Credit | $7 billion | $24 billion | $24 billion |
| Deferred Interest Deduction | $2 billion | $26 billion | $3 billion |
| Taxing of Foreign Earned Income | $3 bilion | $59 billion | $8.5-12 billion |
| Repeal Percentage Depletion | $579 million | $11 billion | $11 billion |
| Repeal Intangible Drilling Cost | $1 billion | $8 billion | $8 billion |
| IRS Sec 199 Repeal | $854 million | $18 billion | $18 billion |
| Repeal Tertiary Injectants | $5 million | $67 million | $67 million |
| Superfund | $1 billion | $18 billion | $17 billion |
| LIFO | $3 billion | $59 billion | $23-26 billion |
| Passive Loss | $20 million | $180 million | $180 million |
That’s an energy tax increase of over $220,000,000,000 by 2020!
Rather than penalizing energy producers and forcing energy costs to skyrocket, Congress should adopt the Senate’s proposed “No Cost Stimulus Act,” an alternative to the “Jobs Bill” that creates jobs without spending one cent. If passed, this bill would:
• Create 1.2 million long-term jobs by opening offshore mineral lease areas
• Provide more than $2.2 trillion in incremental tax receipts
• Open ANWR areas to create 730,000 American-based jobs
• Streamline the nuclear licensing process to add 610,000 jobs to the economy
• Save 500,000 per year by preventing the EPA from regulating CO2
Related Articles
How the FCC Plans to Tax the Internet - Tuesday, March 16, 2010 3:42 PM
PA-12 Special Election Update: Tim Burns Signs the Taxpayer Protection Pledge - Monday, March 15, 2010 1:21 PM
How Government Accounting Works - Monday, March 15, 2010 11:59 AM
The Final Battle on Health Care: Everything You Need to Know - Monday, March 15, 2010 11:36 AM
ATRF Analysis: The Importance of International Tax Competition - Monday, March 15, 2010 11:24 AM
Comments
$220 billion?! My goodness, these people are unstoppable. I don't even want to know how much will be added to this ridiculous amount if cap-and-tax is implemented.
>> Terry, OH Tuesday, February 9, 2010 1:07 PM
Terry - about $700 billion give or take.
>> Brian Johnson (ATR) Tuesday, February 9, 2010 1:21 PM
Burdensome energy taxes are a terrible idea at any time - - the fact that they're being proposed during tough economic times makes it even more outrageous, especially when there are serious, effective alternatives like nuclear power and offshore drilling.
>> Mike, NJ Tuesday, February 9, 2010 2:04 PM
is there some dumb stipulation in this? like THESE TAXES ON EVIL ENERGY ARE GOING TO SUBSIDIZE GOOD CLEAN ENERGY
>> Hank, TX Tuesday, February 9, 2010 4:28 PM
No Taxation Without Public Consent.... join me, wont you?...... http://www.facebook.com/group.php?gid=289466674236&ref=ss
>> Charles Petzold Tuesday, February 9, 2010 10:38 PM
Opening ANWR would bring $4-8 Billion in immediate lease sale royalties to the Federal Government according to OMB.....and....between $42-$289 Billion in Federal tax royalties (depending on the price of oil) according to Congressional Research Service using USGS and DoE figures (based on median 10.4bbls estimate). So thats collectively 10s of billions of dollars in tax bonus to the Feds without taxing one constituent. Have your cake and eat it too!
>> Caribousteaks Wednesday, February 17, 2010 8:52 AM