…Kill Cap & Trade!
(Compiled by American Values President Gary Bauer)
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IT’S NOT GETTING HOTTER: Five major international climate centers report that average global temperatures have not risen over the past 11 years.
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IT’S BAD SCIENCE: a British judge ruled that teachers in Great Britain’s school system will be required to issue a warning before they show students An Inconvenient Truth, Al Gore’s controversial film on global warming.
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IT’S JUST A TAX: energy costs will soar under the House-passed Waxman-Markey bill, and those costs will be passed on to consumers. Obama Administration Budget Director Peter Orszag has estimated that a 15% decrease in emissions would cause the average American family to pay $1,300 in additional utility costs a year.
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IT WILL SPREAD YOUR WEALTH AROUND: The Obama Administration’s goal is to raise $650 billion through the energy tax. But only $150 billion of that will be devoted to alternative energy production, while $500 billion gets redistributed to people who don’t pay income taxes.
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JOBS WILL DISAPPEAR: A Congressional Budget Office report says the legislation would create “significant” job losses from fossil fuel industries as the country shifts to renewable energy. A Heritage Foundation study estimated that the new law would mean 1.9 million fewer jobs by 2012.
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HOME PRICES WILL BE DEPRESSED: Under the new energy regime, most homes put up for sale would b e required to undergo environmental inspections. New homes would have to be 30% more energy efficient than the current building code.
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THE MIDWEST WILL BE HARDEST HIT: Forty-four House Democrats voted against Waxman-Markey. That’s because most of them represent Midwestern states. A new report from the Environmental Protection Agency shows that 10 states, mostly in the Midwest, would be hardest hit.
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AMERICA WILL BE LESS COMPETITIVE: China and India are the first and fourth biggest emitters of carbon dioxide emissions, respectively, but they refuse to commit to binding emissions cuts.
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IT HAS NEVER WORKED: The European Union has had a cap-and-tax regime since 1997, but 12 of the 15 EU nations that signed on are failing to meet their targets.
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HASTE MAKES WASTE: Before the House passed its version of the measure, which is almost 1,500 pages long, and costs about $900 billion, members had less than 16 hours to read the final bill before voting on it.