Cap and Trade Made Simple
Hello Tea Party…
Yesterday our Congress passed Cap and Trade. In the emails that I have been reading from Tea Party Groups across the nation there is almost and air of revolution. People are angry and one reason why is that the voice of We the People has been ignored by Congress. I have seen a few emails calling for open revolution. The anger is palpable and is understandable when we understand what Cap and Trade is. So here it is in a nutshell.
Companies, businesses, industries will all be required to buy credits from the US Federal Government to offset their carbon emissions. In other words the smoke that they release into the air or atmosphere. Some companies won’t use as many of the Carbon Offsets also known as carbon credits as others, because some companies won’t blow out as much smoke. The companies that use less will then be able to sell their Carbon Credits to the companies that use more and have exceeded their carbon credit limits.
Here’s what that means for each one of us. A company required to buy a credit means that company must find money to buy that credit and the only Capital (ability to raise money) they have is the products they produce whether their product is a widget, a car, or a British Thermal Unit of Energy. So they will raise the price of their products meaning that we the consumers of those products will have to pay for the price of the carbon credits.
Here is why the carbon credit is called a tax. When the government requires individuals or corporations or businesses or companies to pay them for something, especially something that doesn’t exist, that is plain and simply a tax. Well this will plain and simply be the largest tax increase in the history of our nation. That’s the truth. That’s the bottom line and guess what, every American will pay for it. There will be no graduated means of paying for it. In other words if you make $10,000 a year, you will pay just as much if not more than the person making $100,000 dollars a year. To make matters worse, this bill will effectively double your energy costs if it become law with the stroke of Barack Obama’s pen.
Our Congress has betrayed us. They have no Constitutional Consent to pass something like this. I ask you this question. Is there anything in the American Constitution that provides for politicians to require you and I and private businesses to pay for Carbon Emissions? I challenge you to find that Amendment.
July 4th is going to be a day that we have a say. Many people are literally rising up today June 27th and protesting. If you feel like you want to join on of these protests I encourage you to go. They are having a protest today in downtown Chicago.
Federal Plaza in Chicago
230 S Dearborn
next to the big ugly red statue
1:00 PM
If you want to go please contact Dana Phelan who is one of the RockfordTeaparty Media Coordinators. His email address is: dpelan2250@aol.com
Thanks
David Hale
Director, RockfordTeaParty
December 2nd, 2009 at 7:08 pm
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