Saturday, January 30, 2010

Obama's 2011 Budget to Include Phantom Cap-And-Trade Revenue

Cap-and Trade (cap-and-tax) is unlikly to pass, but that apparently will not stop Obama from including the revenue it would have generated in his 2011 budget.

"A trade publication is reporting this afternoon that President Obama's 2011 federal budget proposal will assume receipt of billions of dollars in revenue generated from the cap-and-trade program even though that proposal appears now to be all but dead in Congress."

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