Jun 16 2010

Cap and Trade is Really Cap and Tax

Whether Cap and Trade will ever become law is still an unanswered question. In June 2009, I voted against Nancy Pelosi's version of Cap and Trade that passed the House. The Senate has yet to bring the legislation to the floor.  It is a job killing bill is really a hidden tax. That's why Republicans prefer to call the legislation "Cap and Tax."

The legislation currently being considered will increase the cost of energy for the public. The idea of cap and trade is that the government sets a cap on the total amount of carbon that can be emitted nationally. Companies then buy or sell permits to emit carbon dioxide. Supposedly, over time the cap gets reduced to cut total carbon emissions.

In reality, the result of this cap and trade legislation will be to hike the price of electricity and gas so that Americans will use less. These higher prices will show up not just in higher electric bills for the average consumer; an increased cost-of-goods-sold will also show up in every manufactured good and service from cars to fast food chains.

While global warming is an issue that certainly needs to be addressed, it should be done in a measured and thoughtful manner that does not further weaken our economy by increasing costs on small businesses, hard-working families and seniors living on fixed incomes.

One only has to look to what other countries (after enacting a form of cap and trade legislation) are experiencing to get an idea of the future costs to consumers. Great Britain's Taxpayer Alliance estimates that the average family there is paying nearly $1,300 a year in green taxes for carbon-cutting programs in effect only a few years. This is not the kind of "change" Americans want nor can survive.

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Comments 1-3 of 3

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  • patricia ceravolo

    06/17/2010 09:49 AM

    If Nancy Pelosi would stop running her mouth we would not have to worry about CO2 emissions!! Get her and her friends out of my White House. She is trespasing. We have already lost enough small businesses including my husbands.

  • Chris Whitaker

    06/16/2010 08:43 PM

    You are right on. NO to Cap and Trade.

  • Douglass Montrose-Graem

    06/16/2010 05:45 PM

    With a single stroke you can cause a landslide victory in the fall. Absolutely insist on a Congressional Inquiry re the pres's origins. So far judges ruled against all attempts to get answers by declaring: no citizen has any "STANDING'.not even a genuine American who ran against him as a presidential candidate!
    Surely Congress does!
    Reports indicate that at least 1/3 of Americans believe the pres is an impostor/usurper.
    HAVE YOU GOT THE GUTS...??? ?????????
    PS Thank you for abandoning the abominable practice of sending out pronouncements via one way emails - "NO Reply"

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