Note – this article has been ‘stickied” to the top of the front page. Newer posts from today 6/25/2009 appear below.
While we’ve all been preoccupied with the looming healthcare reform legislation, the push for a national energy tax in the form of “cap and trade” has been steadily advancing. The latest word as of this writing is that it may be voted on in the house as early as this Friday, June 26 2009.
H.R. 2464: American Clean Energy and Security Act of 2009, otherwise known as the â€ścap and tradeâ€ť bill, will further harm an already deeply troubled economy in the form of higher energy prices (gasoline, electricity, natural gas, etc…), higher prices across the board for goods and services, higher unemployment due to the increased economic burden on businesses large and small. This increased burden will undoubtedly cause businesses already on the edge to fail, and others to simply close up shop and relocate to more business-friendly parts of the world like India, Ireland and China.
The job loss estimates are in the millions. The estimated direct costs to Americans, working or not, range anywhere from $1000 to $3000+ per year per household.
The Tax Foundation has provided a Household Cap And Trade Burden Calculator to help you determine how much Cap and Trade might cost you and your family on a yearly basis
Here’s Barack Obama in his own words describing how ‘cap and trade’ will cause electric rates to ‘necessarily skyrocket’:
Many Americans find the debate in Washington over adopting a cap-and-trade program to reduce carbon dioxide a bit confusing. It works like this: Policymakers set a cap on the amount of carbon dioxide and other greenhouse gases that can be omitted into the atmosphere. Each power plant, factory, refinery, and other regulated entity will be allocated allowances (rights to emit) six greenhouse gases. However, only a certain percentage of the allowances will be allocated to these entities. The remaining percentage will be auctioned off or distributed to other emitting entities. Most emitters will need to purchase at least some allowances at auction. Emitters who reduce their emissions below their annual allotment can sell their excess allowances to those who do notâ€“the trade part of cap-and-trade. Over time, the cap would be ratcheted down, requiring greater cuts in emissions
Put simply, itâ€™s a tax on energy consumption. In fact, it would act as a huge tax. If enacted, cap-and-trade will be one of the governmentâ€™s largest revenue sources within the next decade. Since 85 percent of our energy demand is met through fossil fuels, increasing the costs of energy will have significant economic consequences.
Speaker Pelosiâ€™s national energy tax is a massive job-killer.Â According to a National Black Chamber of Commerce study, the devastating plan will cost 2.5 million American jobs thanks to the higher energy costs it will force consumers, small businesses, and other employers to pay.Â The impact will be felt from coast to coast â€“ literally.Â The following chart shows the projected job loss in every single region, with especially large job losses in areas of the country already hit hard by the recession:
It is time to pick up the phone and tell your congressman in no uncertain terms to vote NO on HR 2464 !
Here is a complete list of congressmen/women along with their Washington, DC phone numbers. The area code for all is 202 .
Here are some tips for communicating with congress.