Obama isn't cutting taxes for the poor, because they don't pay any.
Instead, he's planning to make it so expensive to generate electricity that only the rich can afford to use their appliances whenever they want.
Why? It's all in the name of Obama's True Belief in Global Warming. He says it himself -- he'll take coal off the table as an "ideological matter." Even if technology allows us to use coal in a clean way, he's opposed to pursuing it.
He wants to put a huge penalty on companies that emit carbon -- which means that starting up new coal-powered electrical plants will be prohibitively expensive. In Obama's own words, "It will bankrupt them."
"Cap and trade" plans have already been tried, and they don't work -- they cost too much, and people find ways to get around them. But Obama promises us that he'll take that failed idea and be "as aggressive, if not more aggressive, than anybody else's" plan.
In other words, if it doesn't work, let's do more of it!
This is Obama the New Puritan. We've found his real religion: Political and Environmental Correctness.
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