Friday, June 26, 2009


Cap-and-trade is a tax on coal, oil, and natural gas but instead of being a specific tax rate, the total level of use is capped and companies are forced to pay the government for emissions permits. They bid against each other to stay in business, and no body knows how much the tax will be until they hold the auctions.

It's a crazy unpredictable tax.

With gas prices climbing, the last thing we need is a new energy tax that will drive them even higher, nearly doubling the cost of electricity, and destroy millions of jobs every year for the next 25 years.

Don't buy Obama's BS, that it will only cost us about 44 cents a day.

The bill also contains renewable energy mandates.

These big government directives are not aimed at helping consumers; they are subsidies to environmental special interest groups who have a political stranglehold on Obama, Pelosi and Reid.

These mandates would require that a certain portion of everyone's energy use come from renewable sources.

While this may sound good, the technologies to produce renewable energy are expensive and untested.

Before Congress shoves higher energy costs down everyone's throat, these products should have to compete in the marketplace like everything else.

Using climate change to grow government and centralize control of our economy is unacceptable.

This cap-and-trade plan aims to limit gas emissions, but we've read that even with the 83 percent reduction in such emissions envisioned by 2050, we will achieve just two years of avoided global warming.

What this plan really will do is place severe regulatory burdens on domestic industry that will ultimately drive up the prices you and us pay for electricity, gasoline, natural gas, and virtually every product we purchase that uses fossil fuels in it's manufacture or transportation.

This cap-and-trade tax could increase your family's energy bill by $1,500 annually!

What's more, the Waxman-Markey bill will hit us not only as a consumer, but as a taxpayer, as it significantly grows the size and cost of government.

This cap-and-trade scheme empowers bureaucrats to dictate virtually every aspect of commercial and individual energy use.

It also opens the door to the potential for political manipulation and corruption.

["Lord knows, we have enough corruption here in New Albany, to last us all a life time!"]

We see very little environmental pay-off for the enormous costs this bill will impose on our family's, American businesses, and our economy.