Cap and Tax: NOT Good for America
Democrats are trying to ram another bill down the throats of Americans without much thought for the actual outcomes of the bill. And they’re trying to do it by TOMORROW! Get informed by reading the article below and others that are coming out by the dozens today. Then call your representative and let them know how you feel! I just called mine.
WSJ’s “Cap & Tax Fiction” – “The biggest doozy in the CBO analysis was its extraordinary decision to look only at the day-to-day costs of operating a trading program, rather than the wider consequences energy restriction would have on the economy. The CBO acknowledges this in a footnote: ”The resource cost does not indicate the potential decrease in gross domestic product (GDP) that could result from the cap. The hit to GDP is the real threat in this bill. The whole point of cap and trade is to hike the price of electricity and gas so that Americans will use less…”
Cap-and-trade does more harm than good – “While U.S. officials vowed to learn from Europe’s mistakes, the bill sponsored by Reps. Henry Waxman (D., Calif.) and Edward Markey (D., Mass.) has many of the same flaws and adds massive “offsets” that blow away the “cap” in “cap-and-trade.” Offsets allow polluters to, for example, pay to preserve an acre of forest so they can continue burning coal above the cap. The concept’s problems are legion and well-documented.”
