Cap and Trade (Tax)

Boy, isn't this fun...
Ok, so we're now on the hook for the Dem's version of environmental engineering. One the environmentalist don't like and one that will become the largest tax increase in US history. This MAY be the undoing of the Dem domination in the Congress in 2010. It may (hopefully) usher them out of majority in the next election.

We should all expect our taxes to increase, but more sublime will be the cost passed on by manufacturers as their costs increases.

The complex bill mandates a 17-percent cut in greenhouse gas emissions by 2020 and a 83-percent cut by 2050, reductions that will be accomplished by putting a price on carbon dioxide through a cap-and-trade system. It mandates that 20 percent of electricity comes from renewable sources and increased energy efficiency by 2020. And the legislation gives electric utilities, coal plants, energy-intensive manufacturers, farmers, petroleum refiners, and other industries special protections to help them transition to new, less-fossil fuel-intensive ways of doing business.

Does anyone believe we can be at an 83% decrease by 2050 without a "Manhattan Project" style revamping of our energy? I hope this can happen, but no leadership has offered direction. So, we, as the middle class, will have to pay for this extravagance.

The worst of all this is the fact NO ONE read the 1300 pages -plus 3:00a amendments- of the bill. So much for transparency....