(Newser) – The cap-and-trade climate legislation that could come up for a House vote tomorrow makes no economic sense and “is likely to be the biggest tax in American history,” write the editors of the Wall Street Journal. Democrats are defending the bill with an incomplete Congressional Budget Office estimate that itself admits “does not indicate the potential decrease in gross domestic product.” And that will be disastrous.

“The hit to GDP is the real threat in this bill,” the Journal continues. “Higher prices will show up not just in electricity bills or at the gas station but in every manufactured good,” and companies will be forced to move manufacturing overseas. “The reality is that cost estimates for climate legislation are as unreliable as the models predicting climate change;” the bill will result in thousands of dollars of carbon taxes for every American family. “Even Democrats can’t repeal that reality.”
Source: Wall Street Journal

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My co op keeps sending me info that my electric bill will increase almost 40% if this legislation is enacted as it now stands.

This is only a part of the picture if the greens have their way. Many would like to tax individuals based on their energy consumption.

where is the outrage?we are allowing our liberty to be sollen from us one liberal bill at a time.

The environment has become the argument to replace "won't someone think of the children" argument. Just say ot is about the environment and no one thinks anything bad about it.

"Cap and Trade"...... the tax that will grab the last few pennies from our pockets and make their robbery and enslavement of the US citizen complete!

the EU has been practicing cap and trade for about ten years

it isnt working and most of em are abandoning it

Cap and Trade doesn't work because it isn't a level playing field. China and India will be happy to make up the difference by absorbing our manufacturing needs with no limits. It actually makes the problem worse.

The real solution is technology. I read yesterday where a bacteria was discovered that converts co2 in the atmosphere directly to methane if subjected to a small electric current. This one discovery has enormous potential to clean the air and produce natural gas.

that is exactly correct

lets just put those that do have a job out on the street as well

congress and the whitehouse occupants for the last 90 years should be tried for treason

lets just regulate this country into extinction

if they want said clean air regulation they should prohibit importation of products not manufactured by the same rule and regulations applied in the u s (including osha safty standards)

...Liberals ALWAYS use children as a means to get their agenda through...afterall...who wants to deny the children...but...when it comes to abortion...they don't give a fugg...

The cap and trade bill that is being rushed through the House this week can be boiled down to three essential elements:

A massive increase in Federal Bureaucracy.

A forced increase in the cost of hydrocarbon fuels, via scarcity and rationing created by bureaucratic fiat.

An assumption, adopted by these same bureaucrats, that reduced consumption of hydrocarbon fuels will save the planet.

What the bureacrats and politicians ignore, however, are the unintended consequences of this bill, which are many:

1. The potential for corruption, as those who depend on hydrocarbon fuels lobby politicians in order to be exempt from rationing or to increase their permit allocations.

2. The potential for inefficiency, as politicians and bureaucrats make faulty assumptions about who should be granted exemptions or more permits.

3. The likelihood that reduced hyrdocarbon fuel use in the U.S. might result in even greater carbon emissions in countries that don't artificially raise the price of hydrocarbon fuels (because their energy costs would be lower and their use of fuel is not as efficient as ours).

4. The likelihood that the U.S. would lose jobs as energy-intensive industries relocated to countries that have cheaper fuel costs.

5. The likelihood that whatever reductions in carbon emissions might eventually result from this monstrous apparatus might make no difference whatsoever to the global climate.

6. The likelihood that voters (especially those in colder climates who consume more energy than those in temperate climates) might be very upset when their fuel bills escalate. (I'm sure that readers will be able to supply many more unintended consequences.)

All of this cost, and all of this effort, for something that has an extremely small probability of bringing benefits to anyone except those who will be running the program. Are our Congresscritters nuts or what?

I wonder if the next Tea Party rallies will have bigger turn outs now

Why is it that when they need something that is not good for us they schedule its 'vote' so that it becomes a rush.

... Here quick read this 20 billion word roll of toilet paper or you get no recess. (or some other such carrot and stick monkey piss).

Why is it that we ALLOW this bs?

I would have thought the bailout would wake most people up. Guess not.

Live your life like an ostrich... End up as lunch.

It passed... if it passes the Senate, we are 3rd world in the making.


http://www.prisonplanet.com/boehner-filibustering-pelosi-national-energy-tax-on-house-floor-right-now.html

Go take a look, there are numerous links detailing just where this bill came from and where it's intended to take us.

Gotta love how there were people who wanted to look at it, to read it and weren't allowed to.

You know if Pelosi supports it then it's worse than the black death.I am surprised that even my friends who are in politics have not heard about this cap and trade bill.I'm sick of hearing this "go green" BS.The air and water are as clear as crystal.Do you think any Senators would spend so much as 5 minutes debating this topic if money and taxes were not involved?I don't think so.This government is getting so big it will be impossible for it not to be in every aspect of your life.Hopefully the Senate will vote no on this bill.If not it will be the biggest increase in tax history costing anyone who uses electricity at least several hundred and many say thousands a year in new electricity taxes.Considering that the government is always wrong on the low end of their estimates,I would say taxes in the $900 to $1500 sound like a good estimate.

Don't vote Democrat!All Republicans voted against this bill.

Better go take a look... This billputs government in every aspect of your life.

I just watched a report that I am trying to find again and if I can I will post the link, but it said basicly......

BHO says the average cost to American families will be the equivlent of "a postage stamp a day" or about $120 a year. This couldn't be further from the truth!

The effects of this bill on consumer product prices, utilities, transportation..... is actually between $3000 and $7000 a year per family depending on where you live!

BHO says it will create new jobs. BS!!!!! This bill can cause the loss of as many as 3,000,000 jobs in the US as companies close their doors to outsource jobs to foreign countries.

We asked for change in 2008, WE GOT IT alright!! More power to government and the FED, less rights, jobs and hope for the American people!

Let's hope our representatives in Congress are not so worthless as we think they are, and they vote this bill down, otherwise, it could mean the end of any dream we ever had for prosperity, peace or freedom!

Both sides use children to further their agenda. Please!!!!! And by the way when you can suffer through pregnency and pop a kid out the end of your weeny, then we'll have a discussion.

can't help but snicker at this

I have no patience for men discussing abortion, when they aren't the ones carrying till birth and most times have little to do with the care afterwords. I thought if I used anything but weeny it would be censored..

Now if men want to take over after birth and but up all night and all day caring for the child, we can come to an agreement of sorts but not until then.