A new report from the George C. Marshall Institute says that cap-and-trade will operate as a permanent tax on American families.
Based on last year’s Lieberman-Warner bill that failed in the Senate, the study estimates that the average American household would pay as much as $1,437 more annually by 2015.
Check out my column “Obama’s Climate Rip-off” to see the implications of Obama’s budget proposal on just your electric bill.
Invent an absurd problem: CO2 levels in the atmosphere are sure to lead to a catastrophe of melting the polar ice caps and flooding the Earth.
Purpose: institute a costly cap and trade CO2 emissions tax so as to raise money.
Cover story: save the Earth.
Real story: raise billions to fund government programs and win votes.
The key to it all: junk science.