Energy tax moves forward (like a steam roller heading your way)
While my family and I were en route to an undisclosed location for our summer vacation, the cap and trade bill passed in the House and is moving forward to become the biggest tax increase in American history.
Liberals who think the price tag is worth it should be reminded: you are clearly not thinking of the consequences for the economy:
You are clearly not thinking of the snowballing disincentives this tax will cause. The increased corruption and kickbacks. The problems for "the little people" on a fixed income facing higher energy rates and more "green" enforcement regulations, like members of my family, and probably yours (unless you are Nancy Pelosi or a Kennedy). You are probably not thinking of the jobs that will be lost in the "discouraged" industries.I have read estimates that this will cost anywhere from $120-over $2000 per household per year, with plenty of geographical variation. I haven't seen any estimates about what it will cost businesses, but clearly that depends on your businesses' energy usage. If you have 1000 Costco stores to air condition, watch out.
If you wanted to design something to put the brakes on an economic recovery, this would be a fine plan.
Two other things I found remarkable:
1. Nobody even read the bill before it passed (yes, once again, just as in passing the emergency rushed porkulus bill). "The manner in which the Democrats have run the House since taking control in 2007 has been disgraceful"--that's right.
2. More and more people are even now recognizing the global warming hoax for what it is--including the EPA, whose report is being hush-hushed by the Democrat administration. Obama and the Dems and leftists want their brand of "green" policies passed not to save anything but to swell government and leftist entrenched power. And they're not afraid to use any tactics to cram them through.
Sickening. Just as bad as I predicted it would be. All you who voted for Obama, is this the hope and change you sought? Or did you not think that far beyond Stage One?
UPDATE: Steve Margolis explains how "cap and trade" sets the transitional gains trap: "Along with our national debt and our Social Security and Medicare obligations, cap and trade is one more way of shifting burdens to our children and their children. This is a heck of a way to start a “new era of responsibility." Read the whole thing--it describes yet another set of important unintended consequence the liberals and leftists are not heeding. (Via Betsy's Page)
UPDATE: Is there hope for stopping the steamroller? "...by better than a two to one margin (42-19 percent), Americans think the Waxman-Markey bill will hurt rather than help the economy." Are our Congresspeople listening? Here's one who heard the outcry!
Labels: cap and trade, global warming hoax, tax increase

