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.