The Cap and Tax Fiction

Down and dirty debates (well, yeah, politics).
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scottm
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The Cap and Tax Fiction

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Read on about how the Democrats are trying to screw over Americans...

The Cap and Tax Fiction
http://online.wsj.com/article/SB124588837560750781.html
Despite House Energy and Commerce Chairman Henry Waxman's many payoffs to Members, rural and Blue Dog Democrats remain wary of voting for a bill that will impose crushing costs on their home-district businesses and consumers.
No doubt. Read on to see what we could have coming out way...
When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy $161 billion in 2020, which is $1,870 for a family of four. As the bill's restrictions kick in, that number rises to $6,800 for a family of four by 2035.
Even as Democrats have promised that this cap-and-trade legislation won't pinch wallets, behind the scenes they've acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit $5 a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them.
Of course Democrats defeated them. That's all the things they WANT.
Britain's Taxpayer Alliance estimates the average family there is paying nearly $1,300 a year in green taxes for carbon-cutting programs in effect only a few years.

Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history.
We're going to be taxed out of our minds, and this is BEFORE they get
their health care legislation through to add billions more on top of this...

Ugh, America is going to get run into the ground. This is horrible. :(
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scottm
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Re: The Cap and Tax Fiction

Post by scottm »

Climate bill could cost 2 million jobs
http://thehill.com/leading-the-news/cli ... 08-12.html
The National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) released a study Wednesday that found under a high-cost scenario the House global warming bill could reduce economic growth by 2.4 percent and cost 2 million jobs by 2030.
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