Internal Treasury Memos: Cap & Tax Could Cost Americans $100 to $200 Billion Annually, a Number Higher Than Obama Admits Publicly

Two words: You lie.

A memo prepared by Judson Jaffe, who works in the Treasury's Office of Environment and Energy, referenced President Obama's remarks on energy policy in his State of the Union Address and said, given the president's plan to auction emissions allowances, "a cap-and-trade program could generate federal receipts on the order of $100 to $200 billion annually."

These figures differ from other cost estimates for the legislation produced more recently by the Environmental Protection Agency and the Department of Energy.

"These are candid, internal discussions of what they are telling each other and what they won't tell you," said Christopher C. Horner, a CEI senior fellow who filed the request.

"The words cap and trade were chosen for a reason, and that is to avoid a vote on tax," said Mr. Horner, who also is the author of the New York Times best-seller "The Politically Incorrect Guide to Global Warming." "This memo tells you it's a tax. Why else are they discussing hundreds of billions of revenue to be taken from the taxpayer?"

This leaked memo mus be immediately rebuked, people will don white robes and gallop across the countryside.

Obama's black. We can't have leaks proving he's lying. It's racist.

I condemn that piece of paper with its bigoted numbers for inciting racial hatred.

Corrected: I wrote the figures were "far higher" than the numbers Obama admits, but I see now there is no reference to what numbers Obama admits, precisely. So I can't say they're "far" higher.

I have corrected that to "higher."

posted by Ace at 02:26 PM

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