Register outrage on cap & trade now

[Foxfyre]

Pelosi has temporarily suspended debate on Cap & Trade most likely because the tide is turning against her, so if you haven't called and emailed your Congressperson in Washington, please do so now. The vote is still scheduled for late this afternoon or early this evening. The lines have been jammed for 24 hours but the calls seem to be having an effect. If you can't get through in Washington, call the local office and register your opinion there.

This is an enormous bill--more than four hundred pages--which nobody has presumably read, and they are allowing about one hour debate for every hundred pages of it. Allowing no opposing amendments at all.

How Big Is the Tax?

The Heritage Foundation's Center for Data Analysis (CDA) found that, after adjusting for inflation, the government would collect $5.7 trillion in tax revenue between 2012 and 2035. CDA's economic analysis found that, by 2035, the Waxman-Markey cap-and-trade legislation would also:

Raise electricity rates 90 percent after adjusting for inflation;
Raise inflation-adjusted gasoline prices by 58 percent;
Raise residential natural gas prices by 55 percent; and
Raise an average family's annual energy bill by $1,241.[2]
But the $1,241 annual energy bill is just the direct increase in energy prices that consumers face. As energy prices increase, the cost of making products becomes more expensive. Businesses will pass the higher costs of operating onto the consumer, which will be reflected in the higher prices Americans pay for products.

Higher energy prices also result in a slower economy, which means less production, higher unemployment, and reduced income. As the higher production costs ripple through the economy, household pocketbooks get hit again and again. When all the direct and indirect energy tax impacts have been added up, family-of-four costs rise by $2,979 per year on average over the 2012-2035 timeframe. In 2035 alone, the cost is $4,609.[3]

Over the same timeframe, gross domestic product losses--the excess burden or deadweight loss of taxation--totals $9.4 trillion. It is important to note that these higher energy bills come after people have to use much less energy as a result of increased prices.
Cap and Trade: A Handout for Corporations and a Huge Tax on Consumers