Follow BeltwayBlips on Twitter
Dems Cap & Trade Bill Biggest Tax in US History
Gateway Pundit —
... Francisco Chronicle January 17, 2008Barack Obama admitted last year that cap and trade legislation would cause electricity prices to skyrocket. Cap and trade will likely cost $700 to $1,400 dollars per US family per year: Democratic Congressman John Dingell (D-MI) summed up cap and trade at a Congressional hearing on April 24th-- "It's a Great Big Tax!" It's not just a great big tax-- The Wall Street Journal says it's the biggest tax in US history: House Speaker Nancy ...
ManBearPig to the rescue: Gore lobbies for cap-and-tax
Michelle Malkin —
... *** Back in the real world, the WSJ looks at the cap and trade fiction: Even as Democrats have promised that this cap-and-trade legislation won’t pinch wallets, behind the scenes they’ve acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit $5 a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them. The ...
Cap & Trade
Maggie's Farm —
If passed, if would be the biggest tax in US history. Which is why the Dems are so intent on it.
They want your money. They always do. They should have it, because they are so much smarter, wiser, more altruistic, and more deeply caring than I am, clinging here as I do in abject, helpless ignorance to my guns and Bible, and trusting in God, my own resourcefulness, and America instead of in Pelosi, Rangel, Reid, Waxman, Obama, etc. etc.
It must be because I am stupid. Perhaps I am, because when I commented to the ...
The Environmental Indifference Point
FiveThirtyEight: Politics Done Right —
... what the CBO had to say about health care suddenly find ample reason to doubt -- although truth be told, the economics of climate change tend to be pretty fuzzy), and so forth. But the sticker shock on this particular bill doesn't seem too bad, even if Americans aren't willing to dig too deeply into their pockets to solve climate change overall. ...
WSJ: Cap-and-tax a great deal … if you don’t measure the costs
Hot Air » Top Picks —
... Democrats have hailed the CBO estimates of the costs per family of their new cap-and-trade carbon-emissions scheme, which show an impact of only $175 annually. What they don’t tell voters, the Wall Street Journal explains , is that those costs begin to sharply escalate in ten years. Democrats also fail to mention that the cost estimates of the CBO come just from the trading mechanism and nothing else: To get support for his bill, Mr. Waxman was forced to water down the cap in early years to please rural Democrats, and then severely ratchet it up in later years to please ...
"Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history."
Althouse —
Look out! It's cap-and-trade!
Has Congress Actually Read The Climate Change Bill?
A Blog For All —
... , but others have already had a chance to read it and the reviews are decidedly opposed to passing this bloated mess. It's a tax, ...
What he said
Maggie's Farm —
... A TV LOW POINT: Turned on the TV to see Geraldo interviewing Tommy Mottola about Michael Jackson’s death. In the background, footage of the body being delivered to the coroner’s office by helicopter. Glad to see Fox is keeping us up on what’s really important, the night before a big cap-and-trade vote in Congress, while revolution simmers in Iran, and people are trying to nationalize healthcare. ...
links for 2009-06-25
FullosseousFlap's Dental Blog —
... (tags: barack_obama)
The Cap and Tax Fiction – Democrats Off-Loading Economics
House Speaker Nancy Pelosi has put cap-and-trade legislation on a forced march through the House, and the bill may get a full vote as early as Friday. It ...
Links for 2009-06-25 [del.icio.us]
FullosseousFlap's Dental Blog —
... any actual reform measure passing Congress this year, without totally abandoning the campaign pledge to "make it a top priority in my first year as President."
"The meeting is intended to launch a policy conversation by having an honest discussion about the issues and identifying areas of agreement and areas where we still have work to do, with the hope of beginning the debate in earnest later this year," says the White House press office's guidance.
The Cap and Tax Fiction - Democrats Off-Loading Economics
House Speaker Nancy Pelosi ...
It's Cap & Trade Friday-- The BIGGEST LIBERAL TAX In US History
Gateway Pundit —
The House will vote on the cap-and-tax bill today. It is the largest tax in American history. Today is the planned vote on cap-and-trade, H.R. 2454. Speaker Nancy Pelosi has called a vote on this massive boondoggle before the 4th of July recess. Michelle Malkin has a list of representatives on the fence. Power Line sees this record tax limping across the finish line. Democrata know this program will cost American families thousands of dollars. Senator Barack Obama admitted this last year in an interview with San Francisco ...
Preventable tragedy?
Classical Values —
... death. In life, Jackson was hyped to the max, and I don't doubt the same thing will happen in death. Considering the monstrous cap and trade scheme that is poised to be put over on a largely uninformed public, I share ...
Open Thread
NewsBusters.org - Exposing Liberal Media Bias —
... For general discussion and debate. Possible talking point: cap and trade would be the biggest tax hike in American history! ...
An untimely and inconvenient truth: CEI Releases Global Warming Study Censored by EPA
Hyscience —
... is both untimely and inconvenient - as Nancy Pelosi and her fellow Democrats off-load economics to attempt to ramrod through the House their climate change bill (HR 2454) that the WSJ says will impose crushing costs on businesses and consumers: ...
Cap and Trade = Predatory Taxation
Weekly Standard Blog —
... the bill by doing what mortgage-brokers were condemned for--advertising its initial cost without factoring in big increases in the future. Call it predatory taxation.
The president and other cap-and-trade supporters are pointing to a CBO study that estimates the program will cost $165 per household in 2020. But as Jim Manzi notes Obama's predicts that cap and trade will cost $1,100 per household by 2050. Other estimates are much higher.
As the Journal noted yesterday, the Heritage Foundation
found Waxman-Markey ...
WSJ Spins and Spins While Energetic Capitol Hill Politics Moves Cap-and-Trade Forward
BuzzFlash.org - Progressive News and Commentary with an Attitude | Fight Ignorance: Read BuzzFlash —
A BUZZFLASH NEWS ANALYSIS by Christine Bowman In a truly offensive and duplicitous editorial run Friday in the Wall Street Journal concerning the fight for a new energy bill centered on the cap-and-trade idea, there is one line worth remembering: "The reality is that cost estimates for climate legislation are as unreliable as the models predicting climate change." They actually say that -- right after having cited cost estimates for climate legislation from the right-wing Heritage Foundation. The Journal's editors were certainly unhappy with the ...
Republicans Pass Cap-and-Trade Bill
GayPatriot —
... Once again, free-marked hating Republicans are to blame for another Obama profligation of our tax dollars. Yes, the House of Representatives passed today the largest tax increase in American history. It comes in the form of Cap-and-Trade, a taxing scheme whereby the government will be able to extort endless amounts of dollars from companies (wonder where they’ll get those dollars?) for, well, um…doing business, all in the name of their religion so-called “global warming”. ...
Transport for the Obama Era
Moonbattery —
... . Our Dem rulers severely restrict oil drilling and will not let us build new refineries or nuclear plants. If Tax and Charade passes the Senate, massive taxes will be piled upon what little energy we are permitted to generate. As Dear Leader promised, electricity prices will ...
More Government Does Not Mean ‘Reform’
Pajamas Media —
... — imperils our ability to ever get out of debt while cap and tax seeks to punish citizens as a means to atone for environmental variation. Inadvertently, the carbon scheme will enable China to become the world’s dominant ...
Americans Unite Against Cap And Trade, Too
RedState: Conservative News and Community —
I…Am Angry
RedState: Conservative News and Community —
Why don’t you “hate” Obama?
The Anchoress —
... is an interesting question, but if believing bad intelligence is “lying” and cherry-picking is deceitful, then what do you think about President Obama’s insistence that he must destroy our economy to save the environment ...
Poll Finds Americans More Confused About Climate
MoJo Blog Posts: mojo —
... Take, for example, the Kerry-Boxer bill in the Senate, which eschews all talk of "cap-and-trade" and instead outlines a "Global Warming Pollution Reduction and Investment" program.
Republicans in Congress and their friends in the conservative think-tank world, meanwhile, have owned conversation of cap-and-trade, more often referring to it as "cap-and-tax" (see: Republican Majority Leader Rep. John Boehner, Sen. James Inhofe, Wall Street Journal editorial page, Sarah Palin, Competitive Enterprise Institute ...
Sexiest Tax Award Goes To...
True North - Pointing Minnesota in the Right Direction —
... total amount of CO2 emissions that can be released by companies in the U.S. and then distributes “rights” or “allowances” based on this cap or limit. The government would allow companies to “trade” their carbon rights with each other. For instance, a high emitter like a coal plant would need to purchase allowances that would give them the “right” to emit CO2. The coal plant could “trade” with a company that doesn’t emit as much CO2 by purchasing their credits or allowances from them. Over time, the “cap” would become stricter – since the ...
