Tag Archives: CBO

If elected billionaire Tom Steyer vows to raise minimum wage to $22 per hour

Why stop at $22? How’d he come up with that magic number? I say take it to $25, $50, heck go all the way to $100!

From Fox News: Democratic presidential candidate Tom Steyer vowed to call for a $22 hourly minimum wage if he wins his longshot bid to unseat incumbent President Trump in November.

Steyer, a billionaire who founded investment company Farallon Capital Management in 1986 and sold it in 2012, is campaigning heavily on addressing climate change.

He made the announcement during a campaign block party on Sunday while campaigning in South Carolina, according to The Associated Press. Progressive candidates Elizabeth Warren and Bernie Sanders have released competing plans to hike the minimum wage to $15 per hour.

The federal minimum wage rate has remained at $7.25 per hour for the past decade, though 29 states and Washington have set it higher. (At the beginning of January, more than 20 states raised base pay even higher). The annual earnings for a full-time minimum-wage worker are $15,080, which is slightly above the federal poverty line for one person.

According to a Congressional Budget Office report published in July 2019, increasing the federal minimum wage to $15 per hour could result in 1.3 million workers losing their jobs. (The report estimated there’s about a two-thirds chance that somewhere between zero and 3.7 million workers would lose their jobs).

It could also have negative consequences for small businesses, which tend to operate in more competitive markets with thin margins.

“A higher minimum wage reduces the family income of business owners to the extent that firms’ profits are reduced,” the CBO report said. “Real income is also reduced for nearly all people because increases in the prices of goods and services weaken families’ purchasing power. Over time, as businesses increasingly pass their higher costs on to consumers, the losses in business income diminish and the losses in families’ real income grow.”

Over the past seven months, Steyer has poured $14 million into blanketing South Carolina’s airwaves with ads — a strategy that’s beginning to take hold. According to the RealClearPolitics voting averages, Steyer is polling second in the state, behind only former Vice President Joe Biden. Sanders is a close third.

DCG

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Another Day, Another Dirty Deal

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Obama Wants to Tax the Number of Miles You Drive

UPDATE (5.17.11): The White House is backing away from its trial balloon and is disowning its own proposal to tax Americans by the miles we drive. See: https://news.yahoo.com/s/theweek/20110506/cm_theweek/215015_20110506105300

Green guru Al Gore owns 5 big mansions, flies in private jet planes, and has made millions off the climate change scam.


While we were distracted with the killing of Osama bin Laden and the release of Obama’s phony birth certificate, the Obama administration also released something else — a trial balloon of a very bad idea.

A draft bill was circulated within the U.S. Department of Transportation (USDOT) and the Office of Management and Budget to tax Americans for the number of miles that we drive — so as to reduce our carbon dioxide emissions.

You can view a copy of this draft USDOT bill, with the Orwellian name “Transportation Opportunities Act,” here.

According to The Hill, the Congressional Budget Office (CBO) “suggested that a vehicle miles traveled (VMT) tax could be tracked by installing electronic equipment on each car to determine how many miles were driven; payment could take place electronically at filling stations.”

The End of the American Dream blog warns us that “if this ever does become law, the tracking equipment will probably be installed on all new vehicles.” No amount of common sense will stop the global warming/climate change Greens from pressing forward with their militant crusade despite these inconvenient truths:

  • Carbon dioxide has nothing to do with global warming.
  • Carbon dioxide is one of the basic building blocks of life on planet earth, and our atmosphere is already starved of carbon dioxide.
  • Reducing levels of carbon dioxide will make it harder for crops to grow and could set off a global famine.
  • Over 95% of all carbon dioxide emissions would still occur even if humans were not present on Earth.

In Europe, the mantra that “carbon dioxide = evil” has become gospel. The European Commission has unveiled a plan to ban all cars from major European cities by the year 2050, part of a draconian master plan to reduce carbon dioxide emissions in Europe by 60% over the next 40 years.

Global Warmists have other brilliant ideas, including these top 12 stupidest ideas. One idea is to feed massive amounts of garlic to our cows to keep them from farting so much.

The radical green agenda is at the very heart of the New World Order system. Just watch this video of the kind of future “Planned-opolis” the Greens want for our future.

[youtube=https://www.youtube.com/watch?v=Q966tz9aEHM&feature=player_embedded]

The video was produced by the Forum for the Future, an NGO funded by big corporations such as Time Warner and Royal Dutch Shell.

The radical green agenda is already being implemented in the United States:

  • The federal government wants to dictate to us what kinds of light bulbs we are allowed to buy.
  • In some areas of the United States, government snoopers actually sort through the trash of residents to ensure that environmental rules are being followed. For example, in the city of Cleveland, Ohio authorities have announced plans to have “trash supervisors” snoop through trash cans to ensure that people are actually recycling according to city guidelines.

The fact that there is even draft legislation taxing Americans based on the number of miles that we drive should alarm all of us. If the Greens have their way, there are going to be lots of these kinds of taxes in our future.

Are you gonna just sit there, or will you tell Congress “I’ve had enough and I’m not gonna take this anymore”?

~Eowyn

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