Inhofe Talks With Glenn Beck About Climate Tax
http://www.youtube.com/watch?v=9uj4GVB7cYQ
“The Senate is presently considering a global-warming bill that would establish a “cap and trade” system for the U.S. economy. The bill would require drastic reductions in projected carbon emissions, with American businesses required to get a license for all such emissions.
What this translates into is a dramatic assault on the standard of living in America, particularly for the middle class, working people, and the poor. Businesses would ultimately have to pay huge sums to get licenses to emit carbon while producing essential products and services for the American people.
This means, for example, that the price of gas is not going to come down. Rather, it will rise farther as a sharp new cost is added to the production of gasoline. Senators who vote for this bill are voting for still higher gas prices in the future.
Moreover, under the bill, consumers will see their utility bills soar. Utilities ultimately will have to pay huge new costs to produce electricity, which will be passed on to consumers.
The price of food will continue to increase as well, as farmers will have to pay higher costs for fertilizer, and for fuel for their tractors and trucks.
The bill will also effectively shut down heavy manufacturing in America. Manufacturing companies cannot compete while laboring under high energy costs. So good bye to all those well paying blue collar jobs, again slamming the middle class and working people.
This is the class struggle. The American standard of living will decline so that government power can prosper. The Senate cap-and-trade bill will raise government revenues by a trillion dollars over the next decade, supporting a massive increase in new spending.” – Peter Ferrara (National Review Online)
. . . more
