Friday, August 7, 2009

Heritage Analysis Of Cap & Trade Bill

Why are the Dems so hell-bent on pushing the Cap & Tax bill? It all boils down to the special interests and buying votes from the "Greenies". Eighty eight (88%)percent of the taxes generated will go to special interest groups with no benefit to the taxpayers or the deficit.

The Heritage Foundation's article sets forth the following:

Another Burden on Future Generations

The income losses, the job losses, the tax increases, and the mounting debt all get worse over the coming decades. The Waxman-Markey bill forces a bad deal on a generation that does not have the option to turn it down.

The $9.4 trillion of lost income, the 2.5 million lost jobs, the $5.0 trillion of additional national debt, and the $5.7 trillion in new taxes will buy no more than a 0.2 degree (Celsius) moderation in world temperature increases by 2100 and no more than a 0.05 degree reduction by 2050.

Heritage Analysis

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