It's put forth as a marketplace to help business deal with carbon emissions. What it will end up being is another tax on the consumer. Don't be fooled. A tax on business is a tax on the consumer. In all business the cost of doing business is passed on to the consumer.
There are no corporate taxes, only corporations that collect for government taxes embedded in the price of their product or service.
- "The EPA has estimated what the McCain energy tax would mean to consumers. Since the bill’s provisions are phased in, the full cost of the tax would not be felt for a number of years. But in a letter to Senator McCain dated July 2007, the EPA estimated that the tax will be about $.26 cents in current dollars per gallon of gasoline by 2030 and $.68 cents per gallon by 2050. For electricity, the EPA estimates that the McCain energy tax would increase individual’s electric bills by 22 percent in 2030 and 25 percent in 2050." Roy Cordato-NRO
More power will be vested in Congress and the Lobbyists will have a field day working your Senator and Congressman for perks, loopholes, and breaks on the tax.
The loser will be the consumer, again. Anytime Washington comes up with a "great idea" its the taxpayer, the consumer, the citizens who pay. Make no mistake, this is a bad idea.
Even Canadians are concerned about carbon taxes and "cap-and-trade", and they have data to back it up. Never forget, government will never miss an opportunity to remove income from the pockets of it citizens.
The question is, will the citizens allow it to continue or will they rise up and say "NO MORE!"
We better decide quick or there won't be anything left to keep.
"We are all in the same boat on a stormy sea and
we owe each other a terrible loyalty." - G. K. Chesterson
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