Conn Carroll of The Heritage Foundation runs the numbers on the cap-and-trade -tax scam that the Obama administration and the Spendocrats are pushing:
- $650 billion from carbon credit fees this year
- $150 billion of that going to “alternative energy production”
- $500 billion of that going to the return of welfare
Conn goes on to point out that it’s a low-ball figure. Under the less-expensive Lieberman-Warner scheme, the 8-year cost would be somewhere north of $1,622,848,000,000.
Don’t forget that both Barack Obama and Rahm Emanuel have admitted that cap-and-trade -tax is meant to cripple the energy market to the tune of $700-$1,400 per family per year.
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