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  • "Cap and Trade Is a Tax: And It's A Great Big One"

    Cap and Trade Top Ten List
    1. Cap and Trade Is a Massive Energy Tax
    2. It Will Not Make A Substantive Impact on the Environment
    It Will Kill Jobs
    4. It Will Cause Electricity Bills and Gas Prices to Sharply Increase
    5. It Will Outsource Manufacturing Jobs and Hurt Free Trade
    6. It Will Make You Choose Between Energy, Groceries, Clothing or Haircuts.
    7. It Will Be Highly Susceptible to Fraud and Corruption
    8. It Will Hurt Senior Citizens, the Poor, and the Unemployed the Worst
    9. It Will Cost American Families Over $3,000 a Year
    10. President Obama Admitted “Electricity Rates Would Necessarily Skyrocket” under a cap-and-trade program. (January 2008)

    What Would Global Warming Regulations Do?

    • Lieberman-Warner: Last year, the Senate rejected cap-and-tax legislation that would have capped CO2 emissions 70% below 2005 levels by 2050. A Heritage analysis of that bill found startling economic impacts.
    • Markey-Waxman: The cap-and-trade tax proposed by Rep. Henry Waxman (D-CA) and Rep. Edward Markey (D-MA) would double down on last year’s failed scheme, bringing in trillions of dollars in taxes, making it one of the largest sources of revenue for the federal government.
    • Six Hundred Hurricanes Couldn’t Cause This Much Economic Damage: In the first 20 years, Lieberman-Warner would have destroyed nearly 3 million jobs, caused some manufacturing sectors to cut jobs by 50% and generated up to $300 billion per year in government revenue while reducing income by nearly $5 trillion. For comparison, this is equal to the economic damage done by over 600 hurricanes …and the Markey-Waxman bill is worse.
    • Green Jobs Are a Myth, Real Job Losses are Not: For every “green job” created, others are wiped out. Job losses resulting from the Lieberman-Warner cap and trade would have surpassed 900,000 in some years. Keep in mind that this is net of any “green jobs” created.
    • New Version, More Expensive: Markey-Waxman will be much more costly than the bill rejected by the U.S. Senate last year. Such an expensive tax on all Americans is bad under normal circumstances and worse during a recession.

    A “Carbon Constrained Future”

    • The Ultimate Outsourcing: India and China have repeatedly said they would not match U.S. environmental goals in order to protect their economies. Cap and Trade will merely move manufacturing jobs to China and India.
    • By 2100: By EPA calculations, the Lieberman-Warner bill would have at best resulted in a global drop in temperature of only 0.1 to 0.2 degrees Celsius by the year 2100.
    • A Carbon Tax Would Be No Different: Alternative carbon taxes share the central flaw of any other carbon reduction scheme. Similar to cap and trade, a carbon tax would cause significant economic damage and would do very little to reduce global temperatures.
    • An Alternative That Supports American Taxpayers: Instead of appeasing a radical environmental agenda, President Obama should give us access to all energy sources, including domestic oil production, nuclear energy, coal, and new renewable fuels. Instead of new taxes, the President should instead aim to lower gas and electricity prices. When government impediments are lifted, America’s energy entrepreneurs can develop innovative and market-driven solutions to our energy needs.

    Title quote: Congressman John Dingell (D-MI), April 2009

    Posted in Energy [slideshow_deploy]

    12 Responses to "Cap and Trade Is a Tax: And It's A Great Big One"

    1. C Hatcher, Tx. says:

      Not to mention that it will also add to the inflation we have coming our way. Prices of virtually everything will increase in order to offset the increased utility costs. Transportation costs, storage and even the price of the food we eat….

    2. David Anfinrud, Bell says:

      You forget this is already taxed money. So we have to earn more than that listed to pay this bill.

      This could cause food shortages in some parts of the country. Increase cost of energy can put some farmers out of business. The cost of producing Cattle for market will rise because many ranchers can not afford the tax per head they have to pay every year. So cattle will be sold and the following year there will be less available.

      The hundreds of thousands of jobs loss to the free market will cause hardships in many other areas.

      This type of bill could push us from a Recession that can recover to a decade or two long depression.

      Uncontrolled immigration and growth of population in the US how do you expect to get down to CO2 production levels of 1995 when we have tens of millions in more population.

      Everything is set for a perfect storm that can tear this country apart. This bill is unconstitutional. Look what it did to California who has tried it. but not to this level. It will make Michigan look like a paradise for jobs.

    3. ozzy6900 says:

      Haven't we been saying this all along? Doesn't anyone listen?

    4. Pingback: Which Part Of “Tax” Don’t You Understand? « Justbkuz

    5. Pingback: The “Cap & Trade” Top Ten List | DougJumper.com

    6. Bill Dornsife, Harri says:

      I have been listening to the House Committee markup debate on the new energy and climate control bill that is anticipated to be approved by the end of June. I was surprised to learn that there is a lengthy section in the bill that will establish a $200 to 300 billion federal program that will deal with the estimated two to three million jobs that will be lost by implementation of carbon controls. This program would pay most of the lost salaries for displaced workers, provide job training, and redistribute increased costs for the estimated $1500 to 2500 per year in increased electrical energy costs per family.

      There are some disturbing facts that have not been generally included in the global climate change debate. It is an undisputed fact that water vapor is the most potent greenhouse gas, accounting for 95% of the greenhouse effects, virtually all of it from natural sources. None of the national data bases include any discussion of this dominate greenhouse gas. Taking into account the effectiveness of each contributor and including water vapor, total man caused greenhouse gas contributions add up to about 0.28% of the total greenhouse effect. Man-made CO2 contributions cause only about 0.12% of earth's total greenhouse effect when water vapor is included, which is insignificant.

      Capturing and compressing CO2 requires very energy intensive technologies and is estimated to increase the fuel needs of a coal-fired plant by 25%-40% for the same amount of energy output to consumers. This translates to about $17 billion/yr in increased energy costs to the consumer. This means that for every three coal-fired power plants of equal output that install carbon capture technologies, about one additional based load unit would be required. Coal fired power plants currently supply about 50% of our total electrical energy. The only non CO2 producing base loaded power plants are nuclear power plants. Since solar and wind technologies cannot produce continuous power, these base loaded units are absolutely critical to maintaining a reliable power grid. Replacement of the electrical energy due to this loss from carbon capture would require an additional fifty eight 1500 Mwe nuclear power plants to be built. The draft federal energy and climate bill does not even recognize nuclear as a major contributor.

      In the spirit of government transparency, these facts need to be fully provided to the public and more thoroughly debated.

    7. Pingback: Bear Creek Ledger » Let’s just go European all the way and enact a Value Added Tax (VAT)

    8. TIM, Colorado says:

      We have to take this country back! Throw these Politicians out. We Independents belong to the largest movement in America and we are sick and tired of these clowns shoving taxes and government social programs down our throats. I want to see every last one of these bums on a street corner holding a sign “will work for food”. We want them working for us not their Big Dollar political cronies. It’s becoming a dark time in America we have closed our eyes to this debacle that’s been going on for many years. Take it back before we can.

    9. Margaret Shepherd, K says:

      I have been trying to shout this from the rooftops but unless the people in DEM states raise enough stink and get their heads out of the sand it won't help.

      I'm having a tea party in Eastern Kentucky and trying to raise awareness of this issue in particular. We are on the Virginia border. This will affect both of our states in a major way. I NEED a speaker on this issue for July 3rd. Where can I find one????

    10. Pingback: Cap, Trade, and Cover « Finding Ponies…

    11. lianne russell says:

      theres a new national non profit that has started up in texas..called We, The People, Are The 9-12 Association. you can find their site http://www.912membersonly.com ..they are trying to organize nationally to stop this craziness in dc…

    12. Pingback: ‘Cap and Trade Is A Tax and It’s a Great Big One’

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