
Members of Congress knew little about the bill beyond what President Obama, House Speaker Nancy Pelosi, Markley, Waxman, and ex-vice-president Al Gore told them. If you think the cap-and-trade tax to reduce carbon dioxide emissions will only raise your household electrical bill $175 per year by 2020 as a Congressional Budget Office report claims, you also believe in the tooth fairy. The legislative and executive branches of our federal government have a historic tendency to botch estimates such as Social Security solvency, the cost of weapons systems, and Medicare and Medicaid subsidies.
In government I do not trust. It has a known track record. Legislation is crafted by lobbyists--in this case nearly 2,340 authors working for 770 special interest groups and companies. These groups spent nearly $90 million in 2008 for climate-change lobbying. Cap and trade taxes will eventually bring about a cleaner environment by making it too costly for "ordinary Americans" to live, work and invest here.
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