Cap and Trade is a Tax Increase on 95% of All Americans
Make no mistake about it; cap and trade is a tax increase. It is a tax increase on the energy companies and who do you think is going to end up paying for that tax increase? The consumers.
Here we have Senator Jeff Bingaman, the president’s chairman of the Energy and Natural Resources Committee, admitting that the president’s cap and trade proposal will raise the cost of energy.
I think the system is designed to reduce greenhouse gas emissions, and I think that it is likely true that, in order to put in place an effective reduction in greenhouse gas emissions, you’re going to see higher costs for energy going forward
When a company exceeds their allotted amount of greenhouse gas emissions they will be charged a fee. This fee is a tax, pure and simple. When the company is charged a tax the company will then pass the tax increase on to the customers. That is why the cost on energy will rise under the president’s plan. So yes, finally someone is admitting that the president’s cap and trade proposal will raise the price of energy for all Americans. But let us be honest about what this cost increase is; it is a tax increase on all Americans who use energy.
The president is still claiming that he is cutting taxes on 95% of Americans, which may or may not be true, but under his plans he will be raising a different tax, and probably a higher tax, on those very same Americans.
The president is playing a game of semantics here. He knows that most Americans will look at their paychecks and see a slight increase, but when the bills start to go up because of his tax policies on businesses the American people will not equate that with a tax increase. He is playing a game here and he is playing us all for suckers.
NH Tea Party Coalition
Great article, great site.
DB
Thank you.
Cap and Trade the title sounds great. It is when you open your eyes and your mind to knowledge and wisdom the truth of it comes to the forfront. It is not the ingenuity of the United States people it is the oppressive thumb of the government that will “force” these things to happen. We must educate ourselves. Thanks for helping us do that.
You are welcome.
I’ve been assured by the legal beagles at the Heart Land Institute, that if ever in fact implemented it will represent nothing more than an attorney’s Christmas. In CA the EPA is about to set the carbon emission standards, when they do hello courts and lawyers, speaking of which did you see this yesterday? Did you see that a National Grand Jury indicted Obama for fraud and treason yesterday?
http://stopsocialism.wordpress.com/2009/04/30/%E2%80%9Cnational-grand-jury-indicts-obama-for-fraud-and-treason%E2%80%9D/ a significant number of states have done the same, think this time he will be forced into court? Jim
I don’t think it will take the company being charged. The private sector, unlike the knee jerk jerks that comprise the majority of office holders , are pro active as opposed to reactive. I’m thinking people should pretty much be prepared to fork over that ole $13./week Obama gave you and pass it onto the utilities etc. II know in Ma. the pygmy Deval is going after those 13 Washingtons with a vengeance.
That 13 dollars a week may just be the starting point before all is said and done.
I’m not going into how Obama didn’t give 95% a tax break because about half of the 95% don’t pay taxes – like me.
However, I have a great idea about the cap and trade. How about we “cap” Obama’s spending and “trade” out this administration for another one!
Now that is cap and trade I can believe in!
I didn’t know if you had read this 10 series article on Cap and Trade by the Heritage Foundation.
http://blog.heritage.org/2009/04/30/cap-and-tax-is-a-jobs-destroyer-part-1-in-a-10-part-series/
I haven’t seen it, I will check it out. Thank you.