Will Government Cap Our Potential For Nothing?

How would you like the government to reduce what you live on yearly, kill a vast number of jobs in America, all in hopes of reducing the temperature of the earth by two-tenths of a degree by 2099?

According to Ben Lieberman of the Heritage Foundation, a family of four will experience the following due to the consequences of the Cap and Trade bill, which passed the U.S. House of Representatives on June 26 and now goes to the U.S. Senate:

• $436 average increase in energy costs in 2012
• $1,241 energy bill in 2035
• Electricity costs will increase by 90% by 2035
• Gasoline costs to increase 58% by 2035
• Natural Gas costs to increase by 55% by 2035
• Total cost of Waxman-Markey to family of four: $2,979/year from 2012-2035.
• The energy costs spike to more than $4,600 by 2035.

“The cumulative higher energy costs for a family of four by then (2035) will be nearly $20,000,” Ben Lieberman, senior policy analyst for the Heritage Foundation, said in testimony before a Senate Republican Conference recently.

Wow. I think most American families can use $20,000 more productively than the government is proposing with its Cap and Trade energy tax bill. What would you do with the $20,000 the government is planning to take from you during the years 2012-2035? Not only that, but FoxNews reported on June 29 that that the Environmental Protection Agency has reportedly ‘intentionally buried’ a study that calls into question the claims that global warming is a problem.

“My view is…there is not currently any reason to regulate carbon dioxide. Global temperatures are roughly where there were in the mid-20th century,” according to Alan Carlin, author of EPA study of climate change.

Because the Cap and Trade bill is so expansive in its energy taxation, Mr. Lieberman predicts net job loss, and notes that some jobs will disappear on the domestic front, only to show up overseas in countries that are friendlier to businesses.

“Beyond the cost impact on individuals and households, Waxman-Markey also affects employment, and especially employment in the manufacturing sector. We estimate job losses averaging 1,145,000 at any given time from 2012-2035. And note that those are net job losses, after the much-hyped green jobs are taken into account. Some of the lost jobs will be destroyed entirely, while others will be outsourced to nations like China and India that have repeatedly stated that they’ll never hamper their own economic growth with energy-cost boosting global warming measures like Waxman-Markey.”

To add to the pain, farmers will be hard hit by the Cap and Trade bill. After all, farming is by its nature a large energy consumer; think of all the farming equipment used to produce a large number of crops very efficiently. And the poor, as well as those who live in more rural areas, will experience a disproportionately larger share of the energy tax through what they pay for energy use, and what they buy at the store. Companies will of course, pass on their new energy tax to the consumer; we’ll see higher prices on items across the board.

“In addition, because the bill raises energy costs, it hurts rural America much more than urban America. Rural Americans, farmers and non-farmers, spend an average of 58 percent more on energy as a percentage of income than their urban counterparts, and those costs would go up.”

That Darn Republican posted a great piece on Cap and Trade on his blog today, noting:

“Cap & Trade will turn out to be [if passed] the single most wantonly destructive piece of legislation to come from Capitol Hill since Roe vs. Wade. House Resolution 2454 proposes some of the most sweeping and radical pro-special interest infested regulation we’ve ever had to face in our lifetimes. Did we ask for these regulations? Were there throngs of the dissatisfied so beholden and mesmerized by California Air Quality Management District [AQMD] standards that we felt we had to repress the economies of every other state in the union by having them imposed? The answer is an emphatic no. The State of California has been one thing and one thing only… it has been a leader in breeding a culture of out-and-out legislative and cultural dissidence.”

I’m still wondering why the U.S. House of Representatives passed an energy tax which will punish businesses and individuals for their energy use. Do our politicians really represent our wishes and our best interests in Washington, D.C.? Seems like some politicians need to be reminded that they represent the citizens of America, not Al Gore or the ‘green’ special interest groups.

The Cap and Trade bill is now being considered in the U.S. Senate. The trickle-down consequences of Cap and Trade: It kills jobs and decreases everyone’s spending power. This energy tax will possibly reduce the temperature of the earth by two-tenths of a degree by 2099? And there is an EPA study stating that global warming is NOT a problem? This is madness.

Have you called your senators yet to tell them you want them to vote NO on Cap and Trade?

Video Source: YouTube