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Report: Obama’s Global Warming Plan Would Cost Poor Americans $44 Billion, Raise Taxes By 166%

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Report: Obama’s Global Warming Plan Would Cost Poor Americans $44 Billion, Raise Taxes By 166%

http://www.freerepublic.com/focus/f-news/3424233/posts

resident ObamaÂ’s global warming plan would cost America’s poorest families billions annually, according to a report published Thursday by the Manhattan Institute. The study estimates that ObamaÂ’s global warming plan would increase the costs of living for the poorest American families an additional $19 billion per year, equivalent to increasing their taxes by 166 percent. The tax increase would also raise taxes on other poor families by an extra $25 billion, equal to a 33 percent tax increase. Living costs for the richest households would only increase by 4 percent.Obama wants to implement the Enviromental Protection Agency’s Clean Power Plan,…

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