Cap and Trade = Tax and Control

Jul 15, 2009 Author Scot Cerullo

Perhaps more than any other single piece of legislation, the Cap and Trade bill embodies so much of what conservatives and republicans feel is wrong with this administration.

The Cap and Trade bill has it all: a false premise, increased taxes, bad timing, and more government control, all to the detriment of American citizens.

Let’s break it down.

cap-and-trade-and-government-spending1False Premise: The idea that capping emissions to reduce pollution may have merit, however, that is not what the bill accomplishes. It simply allows heavy industry to continue polluting, by purchasing so-called credits from green companies that pollute less. In fact, in countries where Cap and Trade has been tried, carbon emissions have actually increased. What it will do is increase the cost of living for everyone, since companies will simply pass the cost of these carbon credits on to the end user.

Bad Timing: Any legislation that puts further financial burden on American companies during a recession is simply poor timing.

More Government Control: Cap and Trade would continue the massive power-grab this administration is exerting over private business. More legislation means more bureaucracy. It will allow the government to pick winners and losers.

Cap and Trade also exacerbates President Obama’s childlike fascination with green energy. Evil polluters will be punished while promoters of unproven alternative energy sources rewarded.  It is also in keeping with Obama’s constant insistence that we must be willing to make sacrifices. Under this plan we surely will sacrifice. We will have less energy that is more expensive.

And it will cost jobs, even as we are witnessing the highest unemployment in more than two decades. As Sarah Palin points out in her recent column in the Washington Post, “Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs.”

This is the kind of legislation you get when liberal democrats come to work on “Adult Day” and pretend to know what’s best for the rest of us.

Our country is rich with energy, including oil, shale oil, and natural gas, and our passion for innovation, combined with a respect for the environment, can free us from foreign dependence on energy, keep prices low and allow this country to prosper.

If Obama gets his way on Cap and Trade it will weaken this country, lower our standard of living and, ironically, hurt the poorest among us the most.

I hope “Adult Day” ends soon and these absurd left-wing loons are forced back to the shallow end of the pool where the children belong.