Quote:So we know the president's plan would raise significant revenues -- otherwise known as taxes -- paid by consumers. The question is: What will this cost the consumer?

An MIT study looked at a cap-and-trade scheme that closely tracked the president's proposal and projected revenue of $366 billion in a single year. To calculate the impact on families, we divided the revenue by the number of U.S. households to get a new tax burden of about $3,000 per family. That is a straightforward way to evaluate the tax burden per family.

That's just your gas/electric bills, just wait for the personal income tax increases!!!!

Obama's cap-and-trade plan a wolf in sheep's clothing

Quote:President Obama noted that "under my cap-and-trade plan, electricity prices would necessarily skyrocket" and his Budget Director, Peter Orszag, testified before Congress that under this program "firms would not ultimately bear most of the costs of the allowances but instead would pass them along to their customers in the form of higher prices ... price increases would be essential to the success of a cap-and-trade program."

So they know individuals will pay 100% of this tax and DON'T CARE!!!