Sign up for our Newsletter

Cap & Trade

Cap and Trade Tax Could Cost 2 Million Jobs
By Bob Ellis, www.dakotavoice.com

A new study confirms how asinine is the cap and trade global warming tax which was passed by the House and has gone to the Senate for consideration.

The Hill reports:

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.
That is a huge number of jobs, and this isn’t the only study which predicts the loss of hundreds of thousands of jobs a year. We couldn’t afford such losses even in prime economic health, and we certainly can’t now or for the foreseeable future.

Read More
Obama Cap and Tax: $1700 Per Family Per Year

Climate Change: A Treasury Department analysis says a cap-and-trade law could cost American families more than $1,700 a year. No wonder administrators tried to keep the study secret.

The House narrowly approved by seven votes the Waxman-Markey cap-and-trade bill in June over complaints that it would be an undue financial burden to American families. It passed after House Speaker Nancy Pelosi strode to the chamber floor and claimed that "this legislation means jobs, jobs, jobs and jobs. Let's vote for jobs."

Even some of the bill's supporters had to roll their eyes at the assertion. It was a talking point intended to convince those who have not been paying attention to the legislation's severe shortcomings, not wise and experienced lawmakers who know better.

Read More
Cap and Trade bad for America and Technology

Cap and Tax is a more accurate description for H.R. 2454: American Clean Energy and Security Act of 2009 also known as Cap and Trade. 

It has nothing to do with clean energy or security. 

I was involved with the design of a 2MW windmill generator (the ultimate GreenMachine) by supplying the highest grade magnetic material with the best properties needed for this application. Processing of this special high tech magnetic material had to be done in Germany which is one of the countries that signed up for this "pollute and pay" scheme. Since the design team for this ultimate greenmachine knew that they would have to pay extra for tax on pollution producing this material, they demanded that the materials be made in China where they can pollute without paying taxes. How's that for hypocrisy? Pollute the world by producing the ultimate green power machine. This Bill will have Zero effect on the world environment.

Read More
Fighting Cap & Trade


The Truth About Cap & Trade

Barbara Boxer, Henry Waxman, and Ed Markey successfully passed their "Cap & Trade" bill in the House.  They believe they can save the world with their so called “green” cap and trade bill, significantly reducing emissions of carbon dioxide and other gases associated with global warming. In fact, cap and trade would raise taxes by more than $4,600 per household as the common taxpayer carries the burden of cost related to industries emission control.

In “Cap and Trade,” “Cap” indicates new limits on fossil fuel emissions. "Trade" refers to the mech¬anism by which those covered entities can buy or sell the rights to emit, called allowances. These allowances could be bought and sold like a commodity. Thus, if a regulated entity reduced its emis¬sions more than required, it could sell its excess allowances to others at the market price, usually measured in dollars per ton of carbon dioxide. For example, under the cap-and-trade bills, each utility would be granted a certain amount of annual emissions allowances based on past emissions or some other formula. If the utility could reduce its emissions below the allotted levels (e.g., by switching some of its power generation from coal to a lower-emitting fuel source), it could then sell its excess allowances to another utility that has not been able to reduce its emissions sufficiently.

In fact, the Obama administration, which adamantly pushed for the success of the Waxman-Markey Cap and Trade bill in the House, is creating something out of nothing to tax you in the Senate version, slated for introduction this October 1st. Industry, the lifeblood of America, will struggle to meet these new emission standards. The costs of the emissions trading will redistribute the wealth between the haves and have-nots of these newly created emission allowances. Higher energy costs will directly affect the working middle class in this economy wide tax increase. Obama knows the revenues he collects as a result of cap and trade legislation will fund his expensive bailouts and universal healthcare.