Tuesday, April 07, 2009

Commentary: A tax by any other name | McClatchy

Many Americans find the debate in Washington over adopting a "cap and trade" program to reduce carbon dioxide a bit confusing. That's understandable. Put simply, it's a tax on energy consumption.

In fact, it would be a huge tax. If enacted, cap-and-trade will be one of the government's largest revenue sources within the next decade. It also would break one of President Obama's promises. In his speech before Congress in February, he said, "If your family earns less than $250,000 a year, you will not see your taxes increased a single dime." Unless you use energy, apparently..."

Read more | McClatchy

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