Obama’s Global Warming Plan Cost Poor Americans $44 Billion, Raises Taxes By 166%

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President Obama’s global warming plan would cost America’s poorest families billions annually, according to a report published Thursday by the Manhattan Institute.

The study estimates that Obama’s global warming plan would increase the costs of living for the poorest American families an additional $19 billion per year, equivalent to increasing their taxes by 166 percent. The tax increase would also raise taxes on other poor families by an extra $25 billion, equal to a 33 percent tax increase. Living costs for the richest households would only increase by 4 percent.

Read more: http://dailycaller.com/2016/04/23/obamas-global-warming-plan-cost-poor-americans-44-billion-raises-taxes-by-166/#ixzz46ltuLq1t