Wednesday, May 20, 2009

Cap and Trade Delusions

Here is a link to a good article that details why the Democrats' national energy tax proposal masquerading as a climate change bill will derail the economy and fail to create jobs:
Another way to look at the Waxman-Markey cap-and-trade proposal is that it functions like a tax increase. Under the bill, about half of all revenues raised by the cap-and-trade system between 2012 and 2025 will be recycled to businesses and consumers, with the other half spent by federal government. While recycling revenues is better than nothing, it introduces inefficiencies because the process distorts how workers and businesses would have spent the money had it not been collected and redistributed by the government.
Read the rest here: Cap and Trade Delusions

Posted by: Press Secretary

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