"(CNSNews.com) - The congressional Democrats’ cap-and-trade plan to tax carbon emissions could cost every American family as much as $3,100 a year and is equivalent to a “declaration of war on the Midwest,” Republican lawmakers told CNSNews.com this week.
But Democrats disputed the Republicans’ cost figure and said the plan can be accomplished without imposing a net cost on the American people.
In general, under cap and trade, the amount of carbon that energy producers emit is capped. They can exceed that cap through the purchase, i.e., “trade,” of carbon permits. The money for those permits would be collected by the government and presumably redistributed under a system still being crafted.
“The reality is the cap-and-trade legislation offered by the Democrats amounts to an economic declaration of war on the Midwest by liberals on Capitol Hill,” Chairman of the House Republican Conference Mike Pence (R-Ind.) told CNSNews.com.
“We are going to increase costs on every American with this plan -- and the other thing we need to keep in mind is the millions of American jobs we are going to put at risk if we impose this new tax on American industry when our competitors around the world will not,” House Minority Leader John Boehner (R-Ohio) told CNSNews.com in a press conference on Thursday. “It’s pretty clear.”"
Of course, the average of $3100 includes those who will pay not taxes, so the rest of us will pay many times that $3100 amount.
.... and the GW hoax goes on and on. 10 years from now people will look back on this as the greatest hoax ever perpetrated on the American people.
Home 
Latest images 
Register 
Log in 
Subject: Cap & Trade Tax 
Fri May 01, 2009 10:40 pm
