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Help stop the National Energy Tax PDF Print E-mail
The burden imposed by the national energy tax or "Cap and Trade" proposal to address global climate change will fall disproportionately on families and businesses in states like Kentucky.  The plan could increase the cost to average Kentucky family as much as $1798.23 annually.  In addition, this proposal could result in hundreds of thousands of lost jobs.  Kentucky families deserve a better solution that will protect our energy future, reduce our dependence on foreign oil, protect our environment through improved technology and incentives for cleaner energy production.  With the right plan, we can achieve these goals and stimulate job creation.
-- Congressman Geoff Davis

 

President Barack Obama in His Own Words

 

President Obama admits his plan will increase the cost of generating electricity and that those costs will burden families and businesses.

In fact, the man that crafted the President’s budget, Peter Orszag, described last fall the added burden a much less aggressive plan would impose on consumers.

President Obama’s own budget director projected people will have to pay an extra $680 to $2,180 a year

The Congressional Budget Office -- Mr. Orszag's former roost -- estimates that the price hikes from a 15% cut in emissions would cost the average household in the bottom-income quintile about 3.3% of its after-tax income every year. That's about $680, not including the costs of reduced employment and output. The three middle quintiles would see their paychecks cut between $880 and $1,500, or 2.9% to 2.7% of income. The rich would pay 1.7%.
 
-Wall Street Journal editorial, Who pays for cap and trade? --March 9, 2009