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Posted Sat Feb 28 2009: from New York Times:
Obama's Greenhouse Gas Gamble http://apocadocs.com/s.pl?1235828343
In proposing mandatory caps on the greenhouse gases linked to global warming and a system for auctioning permits to companies that emit them, President Obama is taking on a huge political and economic challenge. Business lobbies and many Republicans raised loud objections to the cap-and-trade program Mr. Obama proposed as part of his budget this week, saying the plan amounted to a gigantic and permanent tax on oil, electricity and manufactured goods, a shock they said the country could not handle during economic distress.... "Letís just be honest and call it a carbon tax that will increase taxes on all Americans who drive a car, who have a job, who turn on a light switch, pure and simple," said John A. Boehner of Ohio, the House Republican leader. "And if you look at this whole budget plan, they use this carbon tax as a way to fund all of their big government ideas." ... "It's a coal state stickup," ...
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'Doc Michael says:
How 'bout we call it a survival tax, eh?

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