What’s the Deal with Cap and Trade?

Posted on 25 June 2009 by Heath.Whiteaker

CongressAccording to the Heritage foundation it is a jobs killing bill. They have released a fact sheet located here.  Several groups have come out urging a call to action on this bill, including Americans for Prosperity and the Campaign for Liberty

Americans for Prosperity Spokesperson had this to say about the bill:

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Jesse Benton from the Campaign for Liberty had this to say:

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His organization has released the following statement and is urging its members to contact members of congress. “HR 2454, the “Cap-and-Trade” bill scheduled to come before the house on Friday, is nothing more than a thinly disguised energy tax that will hit every single American.

Energy companies will pass the costs of their new regulations through to consumers in the form of huge price increases, meaning higher electric bills, gas prices, and increased costs across the board.

Barack Obama has estimated the costs of this legislation to American taxpayers to be over 650 BILLION dollars over the next eight years, and that figure is no doubt just a fraction of the real cost.

But even that modest estimate amounts to hundreds of dollars a year in increased living expenses for every family — and will more likely cost thousands a year.

Higher costs of doing business also means companies will be forced to lay off more workers. This current economic crisis is no time for Congress to consider both raising prices on hard-working Americans AND costing them their jobs.”

An aide in Adam Putnam’s (R-Bartow) office said that he has not made his final decision yet and is still reading through the bill.

Kathy Castor (D-Tampa) released a press release in May praising the bill.  You can read her Press Release here

On The Web: Americans for Prosperity, Campaign for Liberty, The Heritage Foundation

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1 Comments For This Post

  1. Michael J. Fell Says:

    This bill will increase your energy costs at home by $1,600 to $3,100 per year…over and above what you already pay!

    You will also see small businesses laying off employees in order to pay for the tax increase.

    It’s the largest tax increase in U.S. history!

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  1. Adam Putnam Opposes Cap & Trade | Central Florida Politics Says:

    [...] an article published yesterday I explained why this bill is bad for businesses.  This bill is a hidden tax on [...]

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