"Great big carbon tax" coming down the pike

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Winningreen Issue Alert       A042709

Democrat John Dingell: “Great big carbon tax” coming down the pike

By Gretchen Randall

Date:
  April 27, 2009

Issue:  Last week, the U.S. House Energy and Commerce Committee held several days of hearings on the cap-and-trade legislation which the Obama administration wants to control energy production, limit carbon emissions and ostensibly promote new green jobs through alternative energy.

The legislation, introduced by Democrat congressmen Ed Markey (MA) and Henry Waxman (CA), would put limits on carbon emissions to combat warming of the earth — which is no longer happening.  While most of America’s energy (85%) comes from coal, oil and natural gas, Democrats want to reduce the carbon emissions from cars, power plants, and manufacturing plants by 42 percent by 2030.  This could cost the average household about $3000 per year in extra costs passed on by companies who must pay the government for emissions that exceed a government mandated amount.

Some of the sections of the proposed bill deal with energy efficiency and micromanage the energy consumption of jacuzzis, light fixtures and appliances along with a section dedicated solely to new building codes.

Comment 1: “Nobody in this country realizes that cap and trade is a tax, and it’s a great big one,” Chairman Emeritus of Energy and Commerce Committee, John Dingell (D-MI) said at committee hearing last week on Obama’s proposed cap-and-trade legislation.

Comment 2:  “This bill's entire thrust is to make energy needlessly scarce, and then somehow conclude that this action is good for the economy.  What this bill really will create is not prosperity, but a less productive, less competitive economy with lower incomes, less opportunity, and less wealth to hand on to future generations,” Dr. Robert Michaels, professor of economics at Cal State Fullerton and senior fellow for the Institute for Energy Research, testified before the committee.

Background and links: Check to see “How much of your state’s energy comes from carbon-based fuels?”  at : http://www.instituteforenergyresearch.org/carbon-energy-usage-by-state/  Read how Spain’s attempt to create green jobs caused the loss of 2.2 other jobs for every new job created at: http://www.winningreen.com/site/epage/76235_621.htm

Contact: Gretchen Randall
Winningreen LLC
Phone: 773-857-5086
e-mail: grandall@winningreen.com