Assuming that the healthcare debate would overshadow this piece of news, the Obama administration came to a startling conclusion about its cap-and-trade plan. It has concluded that this cap-and-tax scheme ... which has NOTHING to do with global warming ... would cost taxpayers $200 billion a year.
Read that again: this bill would cost you, the taxpayers, $200 billion a year.
That breaks down to an additional cost per American household of $1,761 a year.
That is the equivalent of raising personal income taxes by 15% (for the producers who actually pay income taxes).
â¨Are you prepared to shoulder the burden to pay for this ponzi scheme?