Cap and Trade Tax Could Cost 2 Million Jobs
A new study confirms how asinine is the cap and trade global warming tax which was passed by the House and has gone to the Senate for consideration.
The Hill reports:
The National Association of Manufacturers (NAM) and the American Council for Capital Formation (ACCF) released a study Wednesday that found under a high-cost scenario the House global warming bill could reduce economic growth by 2.4 percent and cost 2 million jobs by 2030.
That is a huge number of jobs, and this isn’t the only study which predicts the loss of hundreds of thousands of jobs a year. We couldn’t afford such losses even in prime economic health, and we certainly can’t now or for the foreseeable future.
The article points out that environmental extremists claim some jobs could be replaced by “climate-friendly sources of power,” yet this holds little water. You can’t just wave a wand and pop new and climate-friendly power sources into existence; no major innovations of this nature are anywhere on the horizon…and people need jobs NOW, not just on the horizon. Solar power has been around for decades…and has amounted to little. Wind power is highly expensive to put in place and is unreliable when the wind will not cooperate. And while we could certainly use more nuclear power plants, environmental extremists balk over those, too.
The U.S. House already passed this hostile act against the American people. It now sits in the Senate…where hopefully for the sake of the American people it may die (if the people make sure their senators know they will not tolerate this act of aggression against them).
The cap and trade bill is contained with incredible amounts of junk including indecipherable passages, shower Nazis, calling for environmental inspections and retrofitting before you can sell your home, and a host of other unpleasant garbage.
It will damage our nation’s already-strained refining capacity, cost thousands of jobs, threaten much-needed power plant development, and raise our electric bills more than 40%.
Even the government admits that at best it might only lower global temperatures 9/100ths of one degree over the next 40 years. This measure is transparently more about wealth redistribution than about fighting some imaginary global warming problem.
This handicapping measure is all the more ludicrous when you consider that the theory of anthropogenic global warming is based on some very sloppy and shallow “science.” All the most reliable evidence points to natural and cyclic causes of global climate change.
No, this cap and trade tax is such a bad idea, so devastating to American prosperity, it would be more apt to call it the Throat Cutting Tax.
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