More Cap And Tax Omissions

If you want people to actually trust you, you have to do something worth receiving that trust. Of course, the US Government could care less about being trustworthy, as long as they are getting the opportunity to reign in more and more personal power.

Take, for example, the fact that the guy who (allegedly) wrote the upcoming Carbon Cap and Trade Bill, Henry Waxman. This guy wants us to trust him on his proposed legislation, but cannot even say for sure what is in it! Maybe, sir, if you would quit trying to bury billions of special interest crap into a 1200 page piece of crap, you might actually know what the hell your own law will mean.

Now, the government is putting the spin cycle on full force as they purposefully omit vital information from their (public-facing) numbers crunch. I imagine the real (privately held) numbers are more precise. Directly from the folks at Heritage.org:

Most problematic is their complete omission of economic damage from restricting energy use. Footnote three on page four reads, “The resource cost does not indicate the potential decrease in gross domestic product (GDP) that could result from the cap. The reduction in GDP would also include indirect general equilibrium effects, such as changes in the labor supply resulting from reductions in real wages and potential reductions in the productivity of capital and labor).” That’s a pretty big chunk of change to ignore. In The Heritage Foundation’s analysis of the Waxman-Markey climate change legislation, the GDP hit in 2020 was $161 billion (2009 dollars). For a family of four, that is $1,870 that they ignore.

The revolution is at hand. Will you be a leader or a follower?

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One thought on “More Cap And Tax Omissions

  1. Pingback: John Boehner: Champion for Americans, Reads Aloud the Shocking Additions to the Global Warming Tax Increase Bill « Frugal Café Blog Zone

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