Comments Subscribe to Personal Liberty News Feed Subscribe to Personal Liberty
 

Anti-tax group criticizes budget’s energy provisions

May 11, 2009 by  

Anti-tax group criticizes budget's energy provisions According to the calculations by Americans for Tax Reform (ATF), the energy provisions in President Obama’s FY 2010 budget could result in an increase in the tax burden of as much as $10,000 per person each year.

The organization based its estimates on the tax increase costs of the carbon tax, Section 199 repeal and other energy tax hikes added together.

"When President Obama told the American people that he wasn’t going to raise taxes on over 90 percent of the population he lied," says Grover Norquist, president of ATF stressing that everybody uses energy, not just the rich.

Referring to the elimination of Section 199 for energy companies, Narquist adds, "If the President wants to eliminate an income tax cut for companies that create jobs in America and call it a ‘loop-hole closer’ instead of a direct increase in income taxes that will be passed onto every American family then he is insulting all of our intelligence."

Section 199 of the Internal Revenue Code allows for tax deduction for companies which engage in production within the U.S.

ATR is a non-partisan coalition of taxpayers and taxpayer groups who oppose all federal, state and local tax increases

ADNFCR-1961-ID-19163807-ADNFCR

Personal Liberty News Desk

Facebook Conversations

Join the Discussion:
View Comments to “Anti-tax group criticizes budget’s energy provisions”

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.

Is there news related to personal liberty happening in your area? Contact us at newstips@personalliberty.com

Bottom
close[X]

Sign Up For Personal Liberty Digest™!

PL Badge

Welcome to PersonalLiberty.com,
America's #1 Source for Libertarian News!

To join our group of freedom-loving individuals and to get alerts as well as late-breaking conservative news from Personal Liberty Digest™...

Privacy PolicyYou can opt out at any time. We protect your information like a mother hen. We will not sell or rent your email address to anyone for any reason.