Obama's Postage Stamp Lie: Cap and Trade Gasoline Tax More than Doubles Missouri's Current Gas Taxes

Cap and Trade will add a 77 cent tax for a gallon of gasoline. What’s the size of your tank, 13 gallons? Your cost at the pump was just raised by over $10. Remember, Obama said in his radio address this past weekend that the climate bill was only going to cost you a postage stamp a day in additional costs. Once again, we see Obama isn’t very good at math. Obama's comparison that cap and trade will cost Americans the equivalent of a postage stamp a day means that it should cost Americans no more than just over $160 a year. This is easy to show Obama's lie by doing simple math.

The average person driving to work five days a week fills their tank up every seven to ten days. Let’s say you fill your tank up once a week with your 13 gallon tank. The cost to you is $1.43 a day. If you fill your tank up ever ten days, that’s a dollar a day. That means without any consideration to any other energy or products, cap and trade is already costing you an additional $365 to $521.95 a year. Considering your electricity, natural gas, and other energy costs are promised to rise as well, it’s so easy to make the case Obama is full of crap with his postage stamp promise.

Now, what happens when you add additional costs to shipping products to stores? The cost of shipping goes up, they prices of the products go up as well. Unless our government plans on charging $10 for a postage stamp, Obama is lying!