Cap-and-Tax

So, what is Cap-and-Trade? 85% of Americans don't understand what Cap-and-Trade means. US Congressman John Dingell, a Democrat from Missouri, actually provides the best answer to this question. He said "Nobody in this country realizes that Cap-and-Trade is a new tax and it's a great big one" In fact, it should be called Cap-and-Tax because we will all pay for it. 

The plan is for the government to regulate energy production and the use of fossil fuels across our entire economy. This is a huge new government mandate. The government plans to cap or limit the amount of greenhouse gases that companies can emit. Companies that will exceed the limit will have to buy permits - from the government of course. This will hit energy companies especially hard, since half of our nation's electricity is produced with coal and another 30% is produced from other fossil fuels such as oil and natural gas. Now, make no mistake about this. These additional costs will be passed to you - the consumer. You will pay more for electricity; you will pay more for products made in factories because their energy costs will skyrocket; you will pay more for just about everything because just about every economic activity involves the use of fossil fuels!

President Obama himself told the San Francisco Chronicle, in January of last year: "So, if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they will be charged a huge sum for all that greenhouse gas that's being emitted. You know, under my plan of Cap-and-Trade system, electricity rates will necessarily skyrocket."

White House aids have told Senate staffers that the plan could raise as much as $2 trillion in revenues for the government. That's a tax!!! the year cost to the American family is estimated at $2000-$3000.

Here we are, in the middle of the worst post-depression recession, and our government is scheming to impose one of the biggest new taxes in history... Think about it...