In yet another example of how DC is completely out of control, SanFranNan will attempt to ram Cap and Trade through the House on Friday under the cloak of Climate Change. Mark Levin has appropriately called this Tax and Kill. This is because cap and trade will drive up the cost of everything as the government tries to manage our economy. The environmentalists are purposely and intentionally making society poorer through their policies, deficits and massive spending.
The Heritage Foundation’s Center for Data Analysis found that by 2035 gasoline prices would increase 58 percent, natural gas prices would increase 55 percent, home heating oil would increase 56 percent, and worst of all, electricity prices would jump 90 percent.
But the direct tax on household energy use is just the beginning. The energy tax also hits producers. As the higher production costs ripple through the economy, the household pocketbooks get hit again and again. When all the tax impacts have been added up, the average per-family-of-four costs rise by $2,979 per year. In the year 2035 alone, the cost is $4,609. And the costs per family for the whole energy tax aggregated from 2012 to 2035 are $71,493.
Just about everything we produce uses energy. As energy prices increase, those costs will be passed onto the consumer and reflected in the higher prices we pay for products. Higher energy prices also result in a slower economy, which means less production, higher unemployment and reduced income.
Time is short, therefore I urge you to call your Representative and demand that they vote against this bill. (HT Mark Levin, Heritage Foundation, & Politico):
Heritage Foundation: Breaking Down The Costs Of Waxman-Markey Global Warming Legislation
Politico: Nancy Pelosi To Bring Climate Change Bill To Floor
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