Obama’s Secret Climate Slush Fund- Americans For Prosperity
President Obama and Budget Direct Peter Orszag have thrown transparency out the window and created a black box for taxes and spending on climate change hidden inside their 2011 budget.
February 02, 2010
By Phil Kerpen – FOXNews.com
The big news in last year’s budget release was the revelation that the Obama administration planned to use cap-and-trade to raise $646 billion dollars over ten years to finance its big spending programs. I checked in this year’s budget was how much revenue was expected from the cap-and-trade energy tax, to which the president reiterated his commitment in his State of the Union address last week. The surprising answer is the budget actually has, literally, a blank line for the cap-and-trade tax. A black box. A slush fund. A secret budget-within-the-budget. Talk about a lack of transparency.