Exposing Cap and Trade

Okay… Tomorrow the U.S. House of Inmates is going to vote on the “Energy Bill”, otherwise known as Cap and Trade. The idea of this bill is to place a limit on companies as to how much “greenhouse gas” they can emit. Companies are going to be required to have an “emissions permit” for every ton of Carbon Dioxide they spew into the air. The limit with go down year after year until the ultimate goal is achieved.

Since it will be easier for some companies to reduce their emissions than it will be for others, the lesser polluting companies will be able to sell their extra permits to the bigger polluters.

Now… let’s follow logic, shall we? We can all admit that this is a tax. The problem is that we’re being led to believe that this is a tax on polluting companies. Really? Does that follow logic?

The U.S. Government is going to create a new commodity in the form of these “emissions permits” and then it is going to mandate that companies buy these commodities. The costs for these permits are going to immediately transfer to the consumer. Your prices will go up, folks.

And who, realistically, will be hurt most by the raising of prices. Well logically, a family that makes less money has to spend a larger percentage of their hard earned dollars on heat and gas to get to work than a family that has a much larger income. This makes Cap and Trade a regressive tax by definition because it hurts the poor and lower middle class the most. I thought Democrats were against regressive taxes? Interesting, isn’t it?

President Obama pledged in his campaign the 95% of Americans would see NO TAX INCREASE. It sounds like the 5% he was claiming to be the only ones he’d be taxing are going to be the ones LEAST HURT BY THIS TAX INCREASE and the 95% he mentioned is going to get HOSED.

But everyone is going to be hurt the same, right?

Wrong. Think about this for a second. Some states rely more on manufacturing and fossil fuels like coal than other states do. What states use the most, you ask? The States that lie in the Midwest, Southern, and Plains. What states use the least? The two coasts.

It’s interesting that the biggest liberals pushing this thing are from California and the east coast.

This is a new revenue source for the Federal Government, plain and simple. This has nothing to do with “protecting the climate”, I guarantee you. Politicians saw an opportunity to get more of our money in the name of saving the planet and they are trying to pass it as quickly as possible before we can discover how truly destructive this legislation can be.

Cap and Trade. Obama’s gift to the little guy.