The EPA admits that Cap-And-Trade Will hurt the Economy

Now even the EPA is thinking that Cap-And-Slap AKA the "tax on every American" or the "Lightswitch Usage Tax" will actually do more harm then good.

"Making the decision to regulate CO2 under the CAA for the first time is likely to have serious economic consequences for regulated entities throughout the U.S. economy, including small businesses and small communities," states one comment in the memo, which were collected and officially sent by the White House's Office of Management and Budget. "Should EPA later extend this finding to stationary sources, small businesses and institutions would be subject to costly regulatory programs such as New Source Review."

The White House then tried to say it was a Bush holdover that wrote this thing. Too bad it is not as black and white as Bush vs. Obama:

A spokesman for the Office of Advocacy said he did not know who contributed the comments, but noted that Shawne C. McGibbon, the Acting Chief Counsel for Advocacy in the Small Business Administration, wrote about greenhouse gases last November, writing that the expansion of the the scope of the Clean Air Act to regulate greenhouse gases "could make hundreds of thousands of small entities that have not previously had to deal with the Clean Air Act potentially subject to extensive new clean air requirements. ...The compliance burdens associated with these requirements would devastate small entities throughout the economy..."

McGibbon, however, is not a "Bush holdover," having been with SBA since 1994.

Yes the writer may have been appointed by Bill Clinton and was actually speaking pragmatically. I guess he just didn't support the White House's plan to rip off the poor and the middle class through taxing their electricity use.