Friday, February 27, 2009

Now you see them, now you don't

Tuesday night, President Barack Obama said this:
"But let me perfectly clear, because I know you’ll hear the same old claims that rolling back these tax breaks means a massive tax increase on the American people: if your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime."

Friday morning, reports this:
"On climate change, the administration figures the federal government will collect $646 billion between 2012 and 2019 for carbon credits. That plan assumes Congress would be able to pass a nationwide “cap-and-trade” system quickly, likely by the end of this year. Obama cabinet officials told governors last weekend they hope Congress passes a law by this summer."

"The nationwide limits on carbon dioxide pollution would apply to all sources of the problem, including cars and trucks."

I didn't see Obama deliver the "one single dime" line on television. Was he wagging his finger?

But maybe he is going to lean on the "see your taxes increased" as justification for hidden costs of the cap-and-trade (or cap-and-tax) scheme.