Friday, June 26, 2009

15 More Reasons Why Cap-and-Tax Will Rob America of Growth

Ugh, some of these things sound make this thing sound like the greatest regressive tax of all time.

National Energy Tax: This is a tax that will affect constituents in every aspect of their lives. From transportation, to food, to electricity, to income - this is the ultimate regressive consumption tax to the tune of nearly $3,000 per year according to the Heritage Foundation. The costs per family for the whole energy tax aggregated from 2012 to 2035 are estimated to be $71,493.

Nothing like taxing people an additional $3000 a year when there is 10% unemployment in the nation. Plus anything that makes food prices go up hits poor people right in the wallet since most of their cash goes to food. I think every Congressman that votes for this thing should be branded an economic criminal and thrown out of office. The Senate better fix this thing or we will be feeling its ill effects for the next 30 years.

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