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  • The Waxman-Markey Global Warming Tax


    Cap and Tax Top Ten List

    1. Cap and Trade Is a Massive Energy Tax
    2. It Will Not Make a Substantive Impact on the Environment
    3. 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, and 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 $2,979 a Year
    10. President Obama Admitted “Electricity Rates Would Necessarily Skyrocket” Under a Cap-and-Trade Program (January 2008) -follow link for video

    Waxman–Markey Bill: Dumb and Dumber

    • Waxman–Markey Global Warming Tax: The cap-and-trade tax proposed by Reps. Henry Waxman (D–CA) and Edward Markey (D–MA) is disguised as environmental legislation when it would have little impact on global temperatures. In fact, it is a massive energy tax that promises soaring household energy bills, major job losses, income cuts, and a sharp left turn toward big government.
    • And It Keeps Getting Worse: The original draft of Waxman–Markey was so bad for the economy that moderate Democrats demanded it be changed. The new version, believe it or not, is much worse.  Real GDP losses increase to $9.4 trillion.
    • And Why Is It Getting Worse? Attempts to reduce costs to consumers in the current bill do ease some near-term economic pains, but because “pollution permits” are handed out as subsidies, debt is driven up, interest rates increase, and businesses significantly reduce the investments that drive the overall economy, resulting in a more costly bill.
    • Green Jobs Are a Myth; Real Job Losses Are Not: For every “green job” created, others are wiped out. Average unemployment increases to 1,145,000 lost jobs in the current version.
    • Your Family Will Pay: Waxman–Markey will raise electricity rates 90% after adjusting for inflation, gas prices 58%, natural gas prices 55%, and an average family’s annual energy bill by $1,241.

    And What Do We Get After We Tax the Weather?

    • 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.
    • Environmental Status Quo: All of the outrageous costs associated with this bill may at best result in 0.2 degree drop in temperature by the end of the century, and most likely even less.
    • Massive Corruption: The New York Times reports that cap and trade “is almost perfectly designed for the buying and selling of political support through the granting of valuable emissions permits to favor specific industries and even specific congressional districts” (May 20, 2009).
    • 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 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.
    Posted in Energy [slideshow_deploy]

    16 Responses to The Waxman-Markey Global Warming Tax

    1. Pingback: » Financial News Update - 05/20/09 NoisyRoom.net: “Extremism in the defense of liberty is no vice. Moderation in the face of tyranny is no virtue.” Barry Goldwater

    2. Pingback: We Can’t Afford Waxman-Markey | The Barbican

    3. Theresa, Alabama says:

      This is one more example of how our current government is trying to level the playing field among all of us. It does not want the economy to grow and its people succeed. It wants to destroy our country's wealth and initiative. I spent time in a former Soviet Union country and saw how communism destroy's a country from within; its infrastructor was run down, there was no initiative, and a heavy reliance on government for everything by its people. They used none of their own natural resources and they spent several hours per day through out the year with electrical outages. These people lived with 75% unemployment, the elderly recieved pensions of less than $7.00 a month, while their political leaders took every dime they could out of the economy. Our government has and is bankrupting our country, destroying our wealth, stealing our money through these types of nonsensical tax programs that do nothing but lower our standard of living. Perhaps we should just go flush our savings down the toilet. Oh, wait that would be a waste of water and engery. We need a comprehesive engery program that will allow us to draw from our own resources which will in turn reduce unemployment, our reliance on foreign oil, build wealth for us all, and get our economy back on the right track. None of this is as complicated as our politicians are trying to make it. We need to stop the radicals from running our country. It is time for the common man to take back the reigns of power and restore our consititution.

    4. ra,ohio says:

      Theresa !

      Excellent comment.

      You hit it dead on !!!

    5. Pingback: Obama is just now hearing “concerns” about energy bill? Really!?! « Politics in the News

    6. Robert, Hawaii says:

      You put a good face on it. It's actually a tax/money laundering scheme to redistribute the wealth by subsidizing the energy costs of the non taxpaying class.

    7. Pingback: » Cost for All American Families for ‘Cap and Trade’ Legislation The Liberty Tree Lantern

    8. Pingback: Another way that the secular left kills millions of people « Wintery Knight Blog

    9. David Holt, Presiden says:

      The interesting thing about Waxman Markey is what it is not. It is not an energy bill and it will not help the consumer. Look at what this legislation does to US jobs and the economy. There are literally 100s of millions of jobs directly tied to energy — from the 20 million folks employed in manufacturing to the 10 million airline industry employees to 2 million folks working in iron & steel to the more than 40 million retirees living on fixed incomes in this country. Any increase in energy costs will have a profound impact on jobs and the economy. By working to impose new taxes on hard-working Americans without also developing a much-needed comprehensive, balanced, long-term approach to energy policy, Waxman-Markey misses the mark. While the costs of Waxman-Markey may be subject to debate on the margins, there is no debate that it will raise costs for consumers throughout the economy. At a time of deep recession, high unemployment and uncertain recovery, it is troubling that this bill hits America in the pocketbook without offering any benefits for energy consumers. http://tinyurl.com/qgfmqv

    10. Pingback: Obama to Raise Taxes On All Americans With Cap-and-Trade | The National Scene

    11. Terri Virginia says:

      Kick them all out PLEASE! This country deserves better than these CROOKS!!!

    12. MTC - Ithaca says:

      Let us understand one thing about the politics of the current administration: they have no concern whatsoever for you or me or anyone else – it's simply about POWER. This progressive scheme is simply another way that our power-hungry White House can wield more control over the subjects they rule over. Remember that the goal of 'liberalism' is never to improve anything, the goal is to bring everything down to the lowest level. Welcome to yet another redistribution scheme which aims to tear America apart – on purpose.

    13. Pingback: Call To Action « A Southern Drawl (drôl)

    14. Philip, OH says:

      This caustic bill has not yet passed the Senate; everyone should be on the phone and writing email expressing outrage to their Senators! Let's not let this go any further.

    15. tammy cousins says:


      I would like to sign the pettion on the no cap and tax bill, but don't know where to sign.



    16. dany, ky says:

      I live in Ky, in the region that mines more coal than another place in ky. If this cap and trade bill goes through my hometown(which I love)will no longer be!!!! The coal buisness is all we have, It puts food on the table, pays the bills. We will have no future if this bill goes through, and neither will our children. The goverment will not be happy until everyone goes back to cave dwelling, hunters and gathers. I wish they would just stop with this foolishness, while there is still time.

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