‘Cap and trade’ would end millions of jobs
June 26th, 2009 at 01:30am Chuck Sweeny
The appalling “cap and trade” bill comes up for a vote in the U.S. House Friday. Disguised as an environmental bill, this is actually a huge tax on Americans, who ultimately will pay thousands of dollars a year for the forced reduction in carbon emissions. And we don’t even know if Carbon Dioxide is a pollutant. It’s never been thought of as one before now.
This bill will drive unemployment up and cause companies to go out of business. And they want to do it in the worst economic slump in 75 years.
Here’s what the Heritage Foundation says about cap and trade:
“An analysis of the Waxman-Markey bill (as reported out of the House Committee on Energy and Commerce) by The Heritage Foundation found that unemployment will increase by nearly 2 million in 2012, the first year of the program, and reach nearly 2.5 million in 2035, the last year of the analysis. Total GDP loss by 2035 would be $9.4 trillion. The national debt would balloon as the economy slowed, saddling a family of four with $114,915 of additional national debt. Families would also suffer, as the bill would slap the equivalent of a $4,609 tax on a family of four by 2035.”
For the 16th Congressional District of Illinois (that’s us) Heritage calculates that the average personal income loss districtwide would be $485 million in 2012. To read the whole article, go to this site
If cap and trade takes effect, we won’t have to worry about pollution, because most people except EPA bureaucrats will be out of work.
Folks, we need to be putting Americans to work, not sending even more of our jobs to China. And cap and trade is a job-killer.
Entry Filed under: cap and trade, Uncategorized
5 Comments Add your own
1. porky | June 26th, 2009 at 2:05 am
tax cut for 95% of americans………………bull
2. Josh G | June 26th, 2009 at 8:18 am
I don’t think most people even know about the bill, let alone understand it.
3. bob trojan | June 26th, 2009 at 5:25 pm
Check my comment on manufacturing 2.0 blog
4. Kevin | June 29th, 2009 at 4:32 pm
I wrote to Senator Durbin and here’s the hogwash I received back from him.
Thank you for contacting me to express your views regarding the creation of a national “cap-and-trade” program to address global warming. I appreciate hearing from you.
As a part of the Fiscal Year 2010 budget, President Obama laid out his proposal for the creation of a market-based cap-and-trade system to reduce greenhouse gas emissions and combat global warming. Specifically, President Obama’s proposal would cap greenhouse gas emissions at 14 percent below the 2005 levels by 2020, with a goal of reducing emissions by 80 percent from 1990 levels by the year 2050.
By tackling the sources of climate change and taking steps now to reduce the impacts of global warming, we can protect our environmental future while expanding our economy. If we choose to ignore global warming and its consequences, we are placing our planet and our future in grave danger and could face large-scale environmental and economic dislocations that threaten our national security.
Although some see it differently, mainstream scientists have accumulated overwhelming evidence that the global warming problem is real and that we can’t afford to wait any longer to act. Most scientists believe that increasing concentrations of carbon dioxide and other greenhouse gases will raise the earth’s temperature by as much as three to 10 degrees Fahrenheit by the end of the century. This temperature change could produce catastrophic changes in our climate.
I am confident that our nation has the ingenuity and technical savvy to achieve meaningful reductions in greenhouse gas emissions. A market-based cap-and-trade system can set the ground rules for private competition, to help us achieve the necessary goals as inexpensively as possible. At the same time, we must provide industries with sufficient time to prepare for new standards and ensure that consumers are not subject to sudden cost increases.
Your voice is a valuable part of this discussion. I will keep your concerns in mind as the Senate considers legislation on this matter.
Thank you again for your message. Please feel free to stay in touch.
Sincerely,
Richard J. Durbin
United States Senator
RJD/hw
5. Steve Newton | July 5th, 2009 at 7:20 pm
Great job on this blog. Cap and Trade is a terrible idea. What was it Bill Clinton said during the last recession? “It;’s the economy, stupid!”
Where ae the programs that will CREATE jobs like FDR had? Where are the millions of dollars for retraining programs to update workers’ skills with current jobs? Now is not the time for radical environmentalism or radical health programs.
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