Tuesday
October 27, 2009
What Consumers Are Saying About Cap-and-Trade: Part II
President, National Petrochemical & Refiners Association (NPRA)
“Now we know what this boondoggle could cost every U.S. household. In its Sept. 18 release, Treasury estimates cap-and-tax could cost $200 billion annually, which works out to $1,761 per household.” (Letter to the Editor, “Cap-and-trade will increase energy costs,” The Roanoke Times, October 21, 2009 [emphasis added])
“The Treasury Department estimates that the ‘cap-and-trade’ energy bill will cost $1,761 per household per year. It will wreak havoc on family budgets and the U.S. economy already weakened by recession. It will increase the cost of every single thing you buy. … If you oppose this costly and reckless abuse of power, I urge you to tell our New York senators not to approve the ‘cap-and-trade’ bill before it’s too late.” (Letter to the Editor, “Misguided energy bill will cost us and do nothing for climate,” Staten Island Advance, October 13, 2009 [emphasis added])
“The cap-and-trade bill will cause an increase, not a decrease, in CO2 emissions into the atmosphere. The results from cap and trade will be much more absurd than either the administration or Congress realizes, notwithstanding Lisa Jackson’s fiat to change the Clean Air Act according to her wishes. Somewhere along the way, our government has ignored the fact that ‘clean’ alternative renewable biofuel emits more carbon dioxide than gasoline. ‘Clean’ green biofuel is not clean.” (Letter to the Editor, “New CO2 rules will have many strange consequences,” The Wall Street Journal, October 7, 2009 [emphasis added])
“It will be interesting to see if there is widespread enthusiasm among the rest of the population that will see their costs increase every time they turn on the lights, fill a gas tank, plug in an appliance, or hear the furnace kick on by an amount estimated to be about $3,000 per year per household, due to the costs of the carbon permits that will accompany the proposed legislation.” (Letter to the Editor, “But Good Sen. Gillibrand, What About Everyone Else?” The Wall Street Journal, October 27, 2009 [emphasis added])
“Carbon derivatives would be even worse than financial instruments that gave us the housing bubble. Cap and trade seeks to create a commodity out of thin air. The government would create a value where none exists. At least the mortgage securities had an actual asset behind them.” (Letter to the Editor, “But Good Sen. Gillibrand, What About Everyone Else?” The Wall Street Journal, October 27, 2009 [emphasis added])
“I got to thinking of our economic situation after reading an article about cap and trade and creating more taxes to help affect the global warming crisis. … I do not agree with the government’s attempts to use global warming as a tactic to scare and further tax an already over taxed populous. Big government does not work, history shows us that and now after all these bail outs of the banking and the car industry the administration is coming to the till to pay the tab and attempt to ‘fix’ budget problems. … We are in such a mess that taxing us further is only going to shoot us in the foot and render us further unable to stimulate this economy.” (Letter to the Editor, “Bath reader says global warming, taxation prescription for disaster,” The West Side Leader, October 15, 2009 [emphasis added])
“So the alarmists tell us we must pass legislation that most economists believe will likely weaken our economy, even though they can’t possibly know if the legislation will work. The House Democrats recently passed a cap-and-trade bill that they say will somewhat reduce man-made carbon dioxide. They are willing to raise utility and other costs in order to implement a process that alarmists believe won’t reduce greenhouse gasses nearly enough.” (Letter to the Editor, “With alarm,” The Las Vegas Review-Journal, October 3, 2009)
Read What Consumers Said About the Waxman-Markey Legislation.