*** Tell Your Senators to VOTE NO! On Hidden Taxes. Sign the Petition and Get Your Voice Heard!! ***
Friday, June 6, 2008
Posted in Financial Stewardship
Right now, the Senate is considering “cap-and-trade” energy legislation that will attempt to limit greenhouse gas emissions, principally carbon dioxide, and establish a trading system for emissions allowances. But in reality, this legislation will place severe regulatory burdens on domestic industry, impede trade, and harm our nation’s economy.
Introduced by Sens. Joe Lieberman (I-Conn.) and John Warner (R-Va.), the Climate Security Act is nothing more than a hidden tax that would raise costs on energy use by $1.2 trillion by 2018! These higher costs would severely undermine the nation’s ability to attract business and capital, while at the same time draining household budgets by increasing gas and electric bills for American families.
The Climate Security Act will also create an army of new bureaucrats by requiring the Environmental Protection Agency to establish a greenhouse gas (GHG) registry, create a GHG emission allowance transfer system, and set emission allowances for 2012-2050. New agencies that the legislation would create include the Climate Change Credit Corporation, which will auction emission allowances, and the Carbon Market Efficiency Board, which will observe and report on the national GHG emission market.
This dramatic expansion of government will eventually dictate every aspect of commercial and individual energy use. Ultimately, the cap-and-trade system will be open to manipulation and corruption, with politicians and bureaucrats picking winners and losers in the energy market.
Some argue that cap-and-trade is environmentalism. But this kind of environmentalism is nothing more than an elite command-and-control system that will kill prosperity!
Say NO! To Hidden Taxes. Sign the Petition Here and tell YOUR Senators NOW!
Comments
Tuesday, June 10, 2008 - Untitled Comment
Posted by ByHisForgiveness
Hello dear (((((((((((sister))))))))))))!! I just had to stop by your beautiful blog and say "howdy" this morning. How are you doing, honey? I pray all is well with you and yours.
God bless you abundantly today~ Andrea
XOXOXO
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