ACTION! Cap & Tax… America’s Worst Nightmare
Late last Tuesday night the House Democrats made a deal on cap and tax (cap and trade) so the more conservative Democrats felt better about the bill and would ensure their vote for the legislation. The deal involved many of the Democrats from the mid-west and farm country where agriculture was a major concern for these representatives.
The House is prepared to vote on the bill to push it through the Senate by this Friday. Nancy Pelosi believes that given 2 days’ time she will have enough votes for a majority.
This bill is incredibly harmful, hurtful, expensive, and it quite frankly is one of the nastiest pieces of legislation I have seen in a long time. Liberals continuously use the straw-man argument that Republicans try to fear monger others into voting a certain way or believing certain things… I could say the exact same thing for GloBull warming, which is the biggest hoax of this century. In fact, when people finally wake up and figure out that the politicians are all in bed with “Green” companies, holding significant amounts of equity, and wanting legislation like this passed, not because it’s based on a true premise, but because it will line their pockets – then maybe common sense can reign supreme.
This cap and tax bill will have very little effect on the poorest – because they don’t pay taxes to begin with. They are leeches on productive society. The top quintile of the country, or the richest, will be burdened with this particular tax, but not as much as their federal income taxes. No, cap and tax will fall squarely on the middle class. Whether you are lower-middle class, middle, or upper, you will feel this significantly.
If you look at only the bottom quintile, C&T is more progressive than anything else in the federal tax system. But it’s downhill from there: The share of cap and trade paid by the middle quintile is three times the federal tax system’s average, and the share paid by the richest quintile is half that of the average.
I don’t really have a strong normative point to make here. Progressivity is in the eye of the beholder and all that. Nonetheless, I hope this puts some of the debate over the burdens of cap and trade in context.
If you are the least bit curious you can actually calculate the cap and tax burden on your household/family.
I have written several times regarding Cap and Tax – whether it was posting a video clip of Democrat Rep. Dick Durbin stating that all this legislation is one big tax, or Henry Waxman’s incompetency. I have written about our economy and how this will completely destroy sectors, increase the cost of living, increase our gas and energy prices, decrease our standard of living, and repress those who work hard to make a living.
Most of America disagrees with Cap and Trade, and congress was trying to come up with ways in wich they could cover up the bill and pass it off as some other cleverly deceptive rubbish:
The latest IBD/TIPP poll shows that cap and trade is a no go in the public eye. More people are beginning to understand what it actually entails/means. Indiana has also found a way around cap and trade this past week.
However, the Obama administration seems as though it may want to advance this agenda, but just under a different name.
How does the “The Clean Energy Divide” sound to you?
The Obama administration is exploring alternative names for cap and trade legislation.
People don’t really know what cap and trade means, but they don’t like it. So a new name is being concocted to gather support for the legislation.
It doesn’t look like the names “carbon tax” or “regressive tax” are in the mix, though. How does “clean energy divide” grab you?
WSJ: Seeking to bolster public support for climate legislation, the Obama administration is consulting pollsters who advocate avoiding phrases such as “cap-and-trade” and “global warming.” On Monday, the White House Council on Environmental Quality was scheduled to meet with Robert Perkowitz, president of ecoAmerica, a Washington-based nonprofit that uses “psychographic research” to “shift personal and civic choices of environmentally agnostic Americans,” according to its Web site.
“We’re trying to give them phrases that work,” Mr. Perkowitz said in an interview. He said that in a survey of some 2,000 Americans conducted by his group in March and April, less than half of the respondents said they would support a “cap-and-trade” policy, and that only 24% said they knew what the phrase means. “If you call it ‘clean energy dividend’…almost anything other than ‘cap and trade,’ you’ll get people responding a lot more favorably,” he said.
Isn’t that nice? let’s trick the American people so we can still strap the poor and the middle class with tax hikes to obtain our faulty liberal green agenda so Al Gore can receive a bunch of profits as well as GE, Google and Microsoft…
Not only will we have to ration Obamacare we will be back to rationing gas and unemployment will not only reach 10%, as Obama predicts, but higher – you cannot destroy the mining/coal industry and expect your unemployment rate to stay the same. Coal is one of the most abundant natural resources that America has… it is one thing that keeps us competitive abroad – and with this legislation you can kiss that goodbye. Is it really so “tin-foil” hat to think that the Democrats are in bed with foreign countries, selling out America for a little extra cash? (I’m sure we will also figure out who some of the Republican Reps./Senators are after the vote as well).
There still exist some principled Congress-critters and politicians, but they are few and far between. Michele Bachmann has been on the forefront of this debate, Jim DeMint is pretty outspoken when it comes to fiscal irresponsibility and unconstitutional legislation… but, other than that, it’s hard to make a case for most who waffle on their principles – so much so they may as well say “Leggo” my values.
The only way we can at least attempt to curtail the passage of this bill Friday is through melting the phones. Many of our represenatives won’t listen to our pleas or our common sense logic – believe me, my Senator and Represenative are Progressives! (Sarbanes & Cardin), but it’s still imperatiave that we at least try.
Find your Reps. here.
