New York Post
The Obama administration just blew the whistle on . . . itself:The Treasury Department has reported that Team Obama’s claims about the “nominal” costs of its cap-and-trade bill aren’t really so nominal,after all.
And Team Obama knew it all along.
Nice. In one fell swoop,the Obama folks broke two separate campaign promises:
* No new taxes on anyone making less than $250,000 a year.
* Complete transparency in the legislative process.
How exactly did it break these vows? Look at the Treasury report.
The report shows that the cap and-trade bill the White House is pushing in Congress — in which companies have to buy “allowances” for carbon emissions — is far more expensive for Americans than advertised.
Sure,everyone knew the firms would pass these costs along to customers. But supporters of the bill claimed that consumers would face only “nominal” increases — barely $200 a year.
Wrong. The Treasury analysis puts the actual nationwide cost of cap-and-trade at some $200 billion a year — or $1,761 per household. That figure is very close to the $1,870 amount estimated by the Heritage Foundation prior to the vote in the House
This bill is far to costly for Americans. Write your Senators and voice opposition to cap and trade at http://tiny.cc/pxIgi.
There is a great ap for iphone. Congress in Your Pocket. Every congressman is in there. Call yours and tell them we don't want higher utility rates. This administration is clearly beholden to the environmentalists,et al. Also,does anyone else find the timing of the 60mins piece about coal dust and the shutting down of coal mines by the EPA to be a bit too coincidental? Not that I'd expect anything less from that bastion of integrity,the CBS Network!
Sadly it seems the consumer is going to be caught between 'a rock and a hard place'when it comes to regulation of greenhouse gases. According to the UMW if Congress does nothing to regulate greenhouse gases the EPA will. Either way the consumer pays the price. And the UMW seems to be supporting the cap &trade as the 'lesser of the two evils'.