Another Broken Promise

As mentioned in previous posts, the vast majority of Obama's promises have expiration dates or are outright lies. His promise to never raise taxes on people making less than $250,000/year is one of those lies. The cap and trade scheme making its way through Congress will cost households at least $1,700/year. It is a powerfully regressive tax that hurts the poorest Americans the most. And, since the vast majority of the growth in future carbon emissions will come from developing nations like China and India, the cap and trade system will do NOTHING to reduce emissions globally.

Check it out.