Today I watched Rob Andrews 1st district from New Jersey and other Dems in the house continue to say over and over that there is no energy tax in the budget. LIES! What is Cap and Trade then? It looks like a tax to me, and not just on businesses... let me explain.
Cap and trade basically puts a cap on businesses emissions and allows unused emissions units to be sold to other businesses. Basically its a new expense for many companies. Well companies that make emissions are rolling in money so who cares right?
WRONG!
Watching businesses run by family members my whole life, I have learned that when a new cost is added to a company, it gets passed down to the consumer 99.9% of the time. So when businesses are forced to pay for emissions, what do you think the price us consumers pay for their goods/services will do? Its going to go up! Plain and simple. This is a tax on business but more importantly its a tax on each and every American.
I promise you this, when cap and trade gets put into place (not if but when, as we have a Dem majority), watch your electric bills. Electricity is going to cost more for everyone! Who is that going to hurt most? I will tell you, its the people who have a hard time paying their bills as it is, the guy who just lost his job, the family who just lost their home who now live in a small apartment that they still pay electricity for. That's who is going to pay for America to 'go green'.
Now I am not saying that green technology is not important or bad or anything like that. I think its a great thing for our country to do and the responsible thing to do. Unfortunately, we ARE in a recession and it is the last thing we should be worrying about. Cap and trade will not help us gain a better economic standing and will hurt our recovery.
(Also interesting to note we aren't even the biggest polluters in the world, check out China, they surpass us in carbon emissions and will never do anything to change that. THEY DON'T CARE!)
Cap and Trade is a tax on business and a tax on every American, so don't blindly listen to the Democrats saying there is no tax increase, because there is!
Hey don't believe me... Listen to Warren Buffett.
http://www.youtube.com/watch?v=FoCsFsU_irY
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