|
|
Location: Blogs Jeff's Blog |
 |
| Posted by: Jeff Davis |
5/29/2008 |
 The U.S. Senate is scheduled to debate and vote on the Lieberman-Warner "Climate Security Act" (S.2191 / S.3036) next week. This bill effectively imposes a massive hidden tax on carbon emissions through a cap-and-trade scheme.
A Congressional Budget Office (CBO) report estimates the federal government stands to generate an additional $1.2 trillion in revenues over a seven-year period between 2012 and 2018. In addition, the CBO projects private-sector regulatory mandates would amount to more than $90 billion per year from 2012 to 2016.
The bill would result in an enormous expansion in government regulation and mandates, reducing our personal liberties. The Environmental Protection Agency would be charged with the daunting task of establishing emissions allowances for thousands of American manufacturers and electricity generators. A diagram developed by the Chamber of Commerce reveals the pervasiveness of this new regulation (go here for an explanation of the chart).
A recent Wall Street Journal column concludes the Lieberman-Warner bill would be "the most extensive government reorganization of the American economy since the 1930s." An analysis by the Heritage Foundation estimates a $1.7 trillion to $4.8 trillion loss in U.S. Gross Domestic Product (GDP) between 2010 and 2030. U.S. job losses could exceed 700,000 in 2015 alone. At this same time, American consumers would be faced with dramatic price increases in food and energy, putting a significant strain on family budgets.
The impacts in Minnesota are just as dramatic. Projections for Minnesota indicate we could see over $2 billion loss in Gross State Product , $2.3 billion loss in personal income and a loss of over 55,000 jobs by 2030. According to the Heritage Foundation, Minnesota is projected to rank #1 in the nation in job losses per capita.
With energy prices at record highs, the last thing we need is more government regulation that will drive-up the costs of gas, drive jobs out of our state and make us all poorer while special interests line their pockets with the spoils. But for some reason, Minnesota Senators Amy Klobuchar and Norm Coleman have both decided to co-sponsor this legislation. They need to hear from concerned Minnesotans as soon as possible A vote on this bill could come in the next several days.
TAKE ACTION: Visit www.NoCapAndTrade.com to sign a petition and send an urgent message to your elected officials urging them to reject the Lieberman-Warner bill.
Additional Resources:
|
|
| Permalink |
Trackback |
Comments (2)
Add Comment
|
Re: Why Are MN Senators Co-Sponsoring The Largest Tax Increase in History? |
By Kevin B, on
6/3/2008 |
| Hmm you mean crap and take scheme? I listened to Coleman at the State GOP chatter about returning to Conservative values. Guess that did not mean him!! Norm can you say RINO? |
|
|
Re: Why Are MN Senators Co-Sponsoring The Largest Tax Increase in History? |
By Charlie Conservative american on
6/6/2008 |
| When will you Republican Politicians learn that the Democrats are not our friends? Remember GHW Bush when he gave in to the Democrat's about the luxury tax and then the Dem's used that to defeat him by saying, Read my lips, no new taxes. Which of course Bush was guilty of signing. Pres Bush thought he was working with the Democrat's by passing this bunk. He lost the election to Clinton on that one. REPUBLICAN'S, NEVER TRUST OR UNDERESTIMATE THE SPITE THAT DEMOCRATS HOLD FOR THEIR OWN GAIN, They only better themselves and not the people who vote them in. |
|
|
|
|
 |
Featured Book
|
|
|
|
|
|
 |
|
|
 "Green Hell explains why Americans can't afford to fall for Al Gore's `the debate is over' line on global warming. While we're all for the environment, Green Hell explains why we need to oppose the environmentalists."
--Fred Barnes, Executive Editor, the Weekly Standard
"Green Hell is the `inconvenient truth' on extremist, growth-killing environmentalism. A must-read for those interested in keeping America free and prosperous."
--Steve Forbes, President and Chief Executive Officer of Forbes
"Regardless of whether you believe global warming is a fraud, the fact is that the current depression, the past spike in oil prices, and the coming technology of electric cars are all going to solve whatever problem exists. Liberals want to use climate change as an excuse to take over the economy and regulate everything and this book exposes their plans."
--Dick Morris, FOX News commentator and former political consultant to Bill Clinton
"This book describes why the world can't afford to fall for global warming alarmism and environmental hysteria. Steve Milloy shows how to avoid the environmentalists' vision of our future."
--VACLAV KLAUS, President of the European Union and President of the Czech Republic
"Free market capitalism is still the best path to prosperity. Green Hell is a must-read for anyone who wants to keep America on that path and away from Soviet-style command-and-control environmentalism."
--Larry Kudlow, Host, CNBC's The Kudlow Report
|
|
|
 |
|