The Democrats’ Cap-and-Trade bill passed out of committee this week on a party line vote.
They passed it despite the fact that Cap-and-Trade has been a corruption-plagued failure in Europe. They passed it despite the fact that logic says you can’t pile billions of dollars of expenses on the economy without increasing costs. They passed it despite all logic and reason.
Heritage.org did an analysis that shows this preposterous program will cost the average American family $4,300 per year.
They predict that the direct impact on household energy bills will average $1500 per year. That includes the increases the increased costs of electricity, natural gas, home heating oil, and gasoline for your car.
“But the direct tax on household energy use is just the beginning,” Heritage reported. “The energy tax also hits producers. As the higher production costs ripple through the economy the household pocketbooks get hit again and again. When all the tax impacts have been added up, the average per-family-of-four costs rise by $4,300 per year.”
Heritge.org continued: “As President Obama warned us on his campaign trail, electricity prices will ‘necessarily skyrocket.’ So will everything else, except for our income and standard of living.”
After President Obama has finished his ‘Round the World Apology Tour 2009, perhaps he can come home and apologize to the American people for this Obamanation abomination.
Source: Heritage.org
