Lightswitch Tax Moves Closer to Getting Through the House

The Senate better kill this thing quickly because there is no way we can afford to raise any taxes during a recession and hope for a V-shaped recovery.

Obama on Thursday called it "a vote of historic proportions ... that will open the door to a clean energy economy" and green jobs.

"It will create millions of new jobs," Pelosi insisted.

This is the most BS thing I have read recently. This thing will strait up destroy jobs right now and might create jobs in the future but probably won't. Those carbon credits will result in higher prices for anyone who turns on a lightswitch and will cost many more people in manufacturing their jobs.

It would be so much easier and cheaper for many companies to move whatever jobs are left to Malaysia where a company doesn't have to deal with this cap-and-rob crap. About the only people happy about this are the Wall Street types running the carbon marketplace and people that are going to get rich from selling offsets.

If they really wanted to create millions of new green jobs they should give tax incentives for companies to switch over. Call it a green tax cut and pay for it out of the stupid stimulus bill. Use that $700 billion waste of money to build a nuclear plant for every coal or oil power plant in the country.

Then create a multi-billion dollar energy research grant program to work on new power solutions. In other words pay for the R&D of solar, nuclear, and wind companies. Then when we have the technology in place put down the carbon limits. Don't do it backwards so people are stuck with a regressive tax for decades. Hoepfully the Senate will make the House come to their senses on this thing.