Cap and Trade: It's a $1500 Energy Tax and Obama Admits It! (Video)

The White House recently lied about the economic impact of so-called "green jobs". Read more on the legislation here.



Video and the following from American Solutions:

In the ongoing saga revolving around the cost of cap-and-trade to the American economy, those of us saying it will increase costs and questioning whether the government would actually rebate the money were seconded by the most unlikely of individuals: The chairman of the House Ways & Means Committee, Charles Rangel (D-NY).


You might recall the words of Rep. John Dingell (D-MI), the former head of the Energy & Commerce committee, who said in April: "Nobody in this country realizes that cap and trade is a tax, and it's a great big one."


Well Mr. Dingell, it seems people are taking note. Last Thursday, Rep. Rangel made the following admission regarding the Waxman-Markey energy tax:


"Whether you call it a tax, everyone agrees that it's going to increase the cost to the consumer. At the end of the day ... if there's nothing there to repay [consumers] for their financial expenditures, it might be difficult to fight Republicans who call this a tax."

The Liberal Congress is in a such a hurry to pass this outrageous legislation, that they hired a speed reader!

Rep. Michele Bachmann recently pointed out Obama's "cap and trade" is really a tax on everyone for the use of energy. She said it will boost unemployment and drive businesses and jobs overseas to countries like China and India that don't have such a tax. In addition, she correctly points out that energy costs will double under the "cap and trade" energy tax.

Team "O" is prepared to join the international "climate change" fleecing of tax dollars and jobs in America.

Recently, Fox News obtained a UN document which details how a "climate change" plan will use fake science to induce a massive worldwide redistribution of wealth in an attempt to control the global economy.

A new study from Spain illustrates the economic detriment of the country's "green jobs" plan. For every so-called "Green Job" created, at least 2.2 jobs from related industries are lost. Net result: thousands of job losses at the expense of appeasing radical environmentalists.

A recent Heritage study suggests that Obama's "Cap and trade" energy plan may cost upwards of $7 Trillion. "

Cap and trade" programs have killed jobs in California and the European Union. The CBO estimates that "cap and trade" generally decreases revenue to the Federal Government, leading to an increased deficit. Obama's "cap and trade" energy plan -- which he said last month he would sign -- may cost over $2 Trillion and up to 4 million jobs.

Cap and trade bills are nothing short of a government re-engineering of the American economy. With its aggressive targets to reduce emissions from fossil fuel use, it would put the nation on a path of serious economic harm not justified by any benefits.

Not to mention, science has yet to show that "cap and trade" will actually do anything for so-called "climate change".