June 24, 200917 yr The CBO issued a report on the cap and trade program. http://cbo.gov/ftpdocs/103xx/doc10327/06-19-CapAndTradeCosts.pdf#page=16 Go to page 16 for per household per year numbers. Avg is an increase per household of $165 - not the "thousands of dollars" that you hear Hannity spewing. A note from the CBO regarding these numbers: The attached report summarizes the results of that analysis, indicating both the net overall cost per household nationwide and the net costs or benefits that would be realized by households in various income quintiles. CBO has estimated those amounts for the bill as it would be implemented in 2020 (but shown in 2010 dollars). This analysis does not address other provisions of the bill, nor does it encompass the potential benefits associated with any changes in the climate that would be avoided as a result of the legislation.
June 24, 200917 yr I've owned my home 25 years, wouldn't that be "thousands of dollars"? Seriously, I don't listen to Hannity, ever; and I sure wouldn't take any numbers he spews out as legit.
June 24, 200917 yr Author I've owned my home 25 years, wouldn't that be "thousands of dollars"? Seriously, I don't listen to Hannity, ever; and I sure wouldn't take any numbers he spews out as legit. He was quoted as saying it would be an annual increase of $3,000 per household. I'd counsel you to not limit it to "numbers" when it comes to Mr. Hannity.
June 25, 200917 yr He was quoted as saying it would be an annual increase of $3,000 per household. I'd counsel you to not limit it to "numbers" when it comes to Mr. Hannity. Maybe he's right on this one, even "conservative" with his numbers? http://online.wsj.com/article/SB124588837560750781.html
June 26, 200917 yr The cost may start at $175 a year, but what you must look at is government speak. They will tell you the utopian portion, but leave out the reality.In the article 'The Cap and Fiction' it states that the report is so loaded with "caveats as to render it useless." The tax bill is slow to kick in with higher costs in the early years. As time goes by the lowering of carbon emmisions will cause the GDP to suffer. The CBO notes in a footnote, "The resource cost does not indicate the potential decrease in gross domestic product that could result from the cap." Yes the cost early will be low, but as with all government programs they become more costly as the years go by. Plus this one will have few benefits and the great negative of taking money out of our pockets and giving it to an increasing dictatorial government. With less money in our pockets, we buy fewer goods and servives. Which means businesses will lay-off people, because of lower sales.
June 26, 200917 yr Author Maybe he's right on this one, even "conservative" with his numbers? http://online.wsj.com/article/SB124588837560750781.html Good read.
June 26, 200917 yr I like this quote from the article. Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history. Even Democrats can't repeal that reality. I thought only people making $250,000 or more would see a tax increase.
June 26, 200917 yr He was quoted as saying it would be an annual increase of $3,000 per household. I'd counsel you to not limit it to "numbers" when it comes to Mr. Hannity. Good read. It's funny you blast Hannity for "spewing" it will cost households $3000 then state good read about an article that says it will probably be worse then that.
June 26, 200917 yr Between this piece of garbage and the joke of health care reform coming this country may never recover. O'bama is an idiot.
June 26, 200917 yr Author It's funny you blast Hannity for "spewing" it will cost households $3000 then state good read about an article that says it will probably be worse then that. It was a good read. Its another source of info and could prove Hannity correct. Even so, he's still an idiot.
June 26, 200917 yr Between this piece of garbage and the joke of health care reform coming this country may never recover. O'bama is an idiot. Far from it. I'm no fan of some of his ideas but you can't argue the man isn't extremely smart and a very good politician. We really need to get away from the personal insults when discussing our leaders.
June 26, 200917 yr Far from it. I'm no fan of some of his ideas but you can't argue the man isn't extremely smart and a very good politician. We really need to get away from the personal insults when discussing our leaders. I stand by my comment. And I know plenty of smart people that I consider to be idiots.
June 26, 200917 yr Im fairly conservative but Hannity grates on you and is over the top at times. Limbaugh is more digestible than Hannity.
June 27, 200917 yr It passed the House today without anyone reading it. My God what are they thinking?
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