Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
RT @RepPaulRyan: .@SenateDems confirm they’ve given up on budgeting. What a disgrace. Reid's refusal to budget is a recipe for crisis. h ...
RepPaulRyan
Did Bernanke See His Shadow? http://t.co/7Kl720bo
taxreformer
The Top Five Tax Polling Questions Anyone Would Ever Need to Know http://t.co/qU1LcVuR
taxreformer
ATR Applauds House Republican Energy Policy http://t.co/GQ15wJ2p
taxreformer
ATR Applauds Indiana Right to Work http://t.co/tc2OgAjU
taxreformer
Blog: ATR applauds Indiana right to work - http://t.co/qMKueuH0 #atr ^
joshuaculling
Also let this be a lesson: if you are a Republican governor who raises taxes, we'll get over it as soon as you pass Right to Work. ^
joshuaculling
Thanks for the RT! “@brandondutcher: RT @taxreformer #Oklahoma and Kansas: Moving in the Right Direction on Tax Reform http://t.co/IzVGGd6p”
taxreformer
RT @Adam_Jabs: Americans for Tax Reform :: What Have Democrats Been Doing for 1,000 Days?: http://t.co/AIq8EqSv
Adam_Jabs
RT @johnkartch: Grover to Mitt: Endorse the House GOP Tax Plan: http://t.co/R5pCMEbe by @robertcostaNRO
johnkartch
The pre-carbon tax yearly fee was calculated by taking the average monthly amount the average American pays on their utility bill, $99.70 and mutliplying it by the number of months in a year (12), which equals $1196.40.
The new carbon tax yearly fee was calculated by adding $3100 to the pre-tax yearly fee of $1196.40. The $3100 was taken from Leader Boehner's office which used the following method:
How do Republicans arrive at the $3,100 dollar figure? It’s pretty simple. We took MIT’s own estimate of a key “cap-and-trade” bill from the 110th Congress (S. 309) cosponsored by then-Senator Obama that said S. 309 would generate $366 billion in revenues in 2015. S. 309’s emissions targets track the emissions targets outlined in Obama’s budget, which the Congressional Research Service has confirmed. We took MIT’s own number – $366 billion – and divided that by the number of U.S. households (we assumed 300 million people and an average household size of 2.56 people…which is 117 million households). Using this formula, you get roughly $3,000 per household ($3,128 using current Census figures, a little less if you use projected Census figures from 2015). Now, this doesn’t even account for costs resulting from higher prices for food and all other products that will cost more to produce under their program.
The $10,000 per year maximum was calculated by analysts at ATR using the below method originally released here.
Tax and energy analysts at Americans for Tax Reform have calculated the true size of the Pelosi-Obama-Reid energy tax hike on families. By adding together the tax increase costs of the carbon tax, Sec. 199 repeal, and other energy tax hikes in the Obama budget and dividing by the number of families, it's clear what this annual tax hike would be. The average American family would pay, directly or indirectly, approximately $10,000 per year in new energy taxes.
The new monthly rate was calculated by dividing the new carbon tax yearly rate by the number of months in a year (12) and the new carbon tax increase was calculated by subtracting the pre-carbon tax monthly rate from the new total monthly rate.
For any questions on methodology, please leave a comment below and ATR staff will address the issue.