« Obama And Russia | Main | Ex-Gitmo Inmate Leading Taliban in Helmand »

Tuesday, July 07, 2009

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

It's important to understand that the estimates thrown about that cap-and-trade will cost less than $0.50 a day are misleading. This cost estimated by the CBO ignores the amount taken in by the government. If electricity rates rise by 40% and gas goes up $0.75/gallon, that is not counted because the money is eventually taken in by the government and you will receive a service for the money you pay in. So even though you pay you will be receiving $3.5 billion for battery research in Ohio, or fuel-efficient car research in Michigan. This is like saying that your income taxes or property taxes don't count against the amount of money you have. It's a big assumption and should be pointed out whenever the "....for less than the cost of a postage stamp..." argument is used.

http://www.heritage.org/Research/energyandenvironment/wm2503.cfm

"CBO mistakenly assumes that the government spending and distribution of allowance revenue is the dollar-for-dollar equivalent to a direct cash rebate to energy consumers--that is, that the carbon tax is not a tax if the government spends the money, which is simply preposterous."

The comments to this entry are closed.

Donations Appreciated

Blog Ads


Syndigo

AdSense

Infolinks

Search

Wikio Top Fifty

Memeorandum

Blog Roll

February 2012

Sun Mon Tue Wed Thu Fri Sat
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29      

Find the best blogs at Blogs.com.

2006 Weblog Awards


Technorati


Blog powered by TypePad