Monday, September 28, 2009

Cap & Trade is NOT Dead

Americans, please do not forget that the Cap and Trade bill (American Clean Energy and Security Act H.R. 2454 (Waxman-Markey)) is still in the United States Senate awaiting their vote. Unfortunately, our attention has been focused on other things and this has almost fallen through the cracks.

The Congressional Budget Office (CBO) is an independent organization who's job is to provide an unbiased estimate of the costs for various pieces of legislation before they are passed. This is to help all of us understand the REAL impact of these bills.

Regrettably, the Cap & Trade bill has lost focus by the American public. It poses a serious economic threat to our fragile economy. The CBO estimates that it would cost 1% of the GDP (gross domestic product - the total of all goods and services produced in the United States). That's an outrageous expense and a serious tax on all Americans. It taxes the production of all items made in the US and taxes energy consumption at a ridiculous rate. It also will diminish the use of one of our biggest natural resources - coal. That's CRAZY! We use coal to generate over half of the electricity in this country!

It will cost us millions of dollars each year. It will severely hurt the economy. It will make energy costs skyrocket. It is a BAD bill and should NEVER be passed.

Remember that no other large industrialized country is willing to commit to the "Theory" of global warming. Why should they? The other countries know how severely it would impact their resources and their economies to make this type of commitment. We shouldn't be alone especially when we never had an even exchange or discussions about the pros/cons of this topic. We are blindly accepting someones "Theory" and there is reason to believe that it is wrong.

Action To Take

Call or write you US Senators. Tell them emphatically to vote "NO" on it. We cannot afford to make this mistake.

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