The Tax Resources Blog

Posts Tagged ‘house’

Tax Energy Credits For 2008

Question: How do you like your “savior”, Obama, now?

Obama told Iowa public television last year (courtesy of Little Green Footballs): “I think it is important to send some price signals to change behavior. It’s not going to be painless. Power plants are going to have to adjust how they generate power. They will pass on those costs to consumers…. A lot of us who can afford it are going to pay more for a unit of electricity…” (my note: AND THOSE OF US WHO CANNOT AFFORD IT WILL BE WITHOUT POWER AND HEAT)

Obama’s little-discussed cap-and-trade plan would raise costs on businesses for using energy, like the entire coal industry—and they would then pass on those costs to you and me. Those “price signals” effectively are $100 billion a year in energy taxes, which would wipe out Obama’s middle-class Tax Cut/credit.

http://www.usnews.com/blogs/capital-commerce/2008/11/03/obama-and-coal-send-americans-price-signals-on-energy.html

Answer: All of us are going to have to turn down the thermostat and drive cars other than what we are driving also because it is not fair to the rest of the world per Obama.

He also intends to tax the coal companies out of existence. I wonder what will happen to the job situation then.

He intends to even out the world mostly at our expense. We share the wealth with other people in America first and than the World.

Senate Approves Solar Power Tax Credit