Monday, December 05, 2011

Obama To Bypass Congress And Hit US With UN 'Climate Tax'

President Obama has a wonderful new scheme to raise taxes - oh,sorry, 'new revenues' - on America's collective back in the making. And this time, it's not even for America but for the UN!

President Obama's negotiators at the at the United Nations Climate Change Conference in Durban, South Africa are apparently prepared to approve an agreement calling for a tax on foreign currency transactions designed to pay for a "Green Climate Fund."

Negotiators at the conference are considering "a new tax on every foreign currency transaction in the world," according to the Committee for a Constructive Tomorrow (CFACT). "Every time you travel abroad, you'll have to pay a climate tax," explains CFACT, the group that released the "Climategate" emails. "More importantly, every time we import goods, every time we export our fine products (think jobs) we will do so with a climate tax skimming off the top."

European countries would evade much of the tax burden, however, because "transactions within the Eurozone won't have to pay this new tax."

CFACT suggests that Obama is open to implementing this tax and similar policies in the absence of a full climate treaty, which would require congressional approval. "We have learned that while many have discounted this conference, knowing that a full climate treaty is difficult to achieve especially with a U.S. Senate that will not vote to ratify," CFACT says. "Obama and his fellow climate travelers are working around the Senate and planning to stick America with the bill."

Higher taxes, punish America, do an end run around Congress - tell me that doesn't sound exactly like a wet dream for the current occupant of the White House.

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