The Breath Tax

The rationale for the “Waxman-Markey American Clean Energy and Security Act of 2009,” otherwise known as Cap and Trade, is that environmental catastrophe awaits us if we do not control the amount of carbon dioxide (CO2) flowing into the atmosphere. This hysteria has been propelled by alarmists using computer models to predict (not to prove) that what-used-to-be-called-Global-Warming-before-it-became-clear-that-the-earth-is-cooling-so-it-is-now-called-Climate Change is caused by man made emissions of carbon dioxide.

The scam–ur uhm–I mean the idea works like this: government will set a limit on the amount of CO2 companies may produce. Companies will then be forced to purchase emissions permits for every ton of CO2 produced. Companies that exceed their limits will be able to purchase or trade for additional permits with companies that emit less than their allotted cap. Waxman-Markey seeks an “80 percent reduction of carbon dioxide emissions by 2050”?  And a “100 percent auction to ensure every ton of carbon is paid for.”

While supporters of Cap and Trade attempt to direct our attention to large-scale carbon emitters in the coal and oil industries make no mistake; the repercussions from this tax will be felt in every American household. (more…)