Free Markets, Free People

People Opposed To Cap-And-Trade

As Congress members slink back into Washington DC to get trauma treatment for their townhall wounds, a new Rasmussen poll indicates cap-and-trade legislation isn’t much more popular than health care insurance reform.

The survey of 1,000 adults showed 35 percent of Americans favor the climate change bill, while 40 percent oppose it.

Nearly one adult in four — 24 percent — are not sure whether passage of the bill is a good idea — findings which reflect virtually the same results as in late June.

While that may not seem overwhelming, it changes dramatically when the question of cost to the person being polled is brought up:

On economic impact of the legislation, 56 percent said they are unwilling to pay more in taxes and utility costs to generate cleaner energy and fight global warming, the same number who expressed that opinion in June.

Another poll mirrored the results. Of those polled in a Washington Post/ABC poll 52% supported cap-and-trade legislation, until cost was introduced into the questioning:

When asked if a cap and trade program “significantly lowered greenhouse gases but raised your monthly electrical bill by 25 dollars a month” – then only 39 percent support cap and trade while 59 percent oppose it.

The Heritage Foundation modeled the current pending legislation and found that on average it would increase electricity prices by $32.67 a month. But that’s just part of it:

But that’s just one small chapter in the book on how an average family of four’s pocketbook would be hit. Cap and trade is a massive tax on energy across the board – so your electricity bills will rise and so will everything else – gasoline, natural gas, and home heating oil. Add it up and the family of four energy expenditures increase on average by $69 per month from 2012-2035. Because the carbon caps become more stringent in subsequent years, the costs are highest in 2035 at $103 per month in the form of direct higher energy prices.

And we’re still not done – also added into the mix are the indirect costs these price increases will bring:

The energy tax also hits producers. As the higher production costs ripple through the economy, the household pocketbooks get hit again and again when producers pass costs onto the consumers. If you look at the total energy tax from Waxman-Markey, it works out to an average of $2,979 annually from 2012-2035 for a household of four. By 2035 alone, the total cost is over $4,600.

Now that $32.65 a month for the family of four has grown to $248.25 brought on solely by the imposition of cap-and-trade. Add to that the cost of the proposed health care insurance reform, the bailouts, the unstimulating “stimulus” and the pork laden emergency spending bill, plus a 10 year budget that puts us 9 trillion further in debt and you can begin to understand why the American people are angry and the clueless Congress and administration are seeking trauma care.

Like one woman said at one of the townhall meetings, echoing Adm. Yamamoto’s WWII quote, “I think you’ve awakened a sleeping giant”.

I certainly hope so. And if so, hopefully cap-and-trade will go the way of the Dodo bird, and become an extinct idea. Cap-and-trade is based on dubious and unsubstantiated science and it is obviously detrimental to the economic health of this nation. It should be abandoned immediately.

~McQ

[ad] Empty ad slot (#1)!

Tweet about this on TwitterShare on FacebookShare on Google+Share on TumblrShare on StumbleUponShare on RedditPin on PinterestEmail this to someone

12 Responses to People Opposed To Cap-And-Trade

  • I think it’s very telling that they worded that question so carefully in order to minimize its impact (“significantly” lower emissions but increase energy costs $25/month, both unrealistic probabilities) and they still lost 20% of supporters.

    I wonder what the numbers would be if they’d been more honest? Say, asking them if they’d support a program that barely affected the climate but cost upwards of $175-250 per month?

    I think the point is that when you can’t get support for a proposal even when you grossly exaggerate the scale of the factors involved, you should just kill it. Conversely, you can continue to try and force it down your constituents’ throats and then wonder why you’re out of a job after the next elections.

  • It’s going to be an interesting fall to say the least.

  • I explained how they’re creating an entirely new commodity, literally out of thin air, to my son in terms he understood.

    It’s like World Of Warcraft Gold. Something that doesn’t really exist, but that you can use real honest to God American Dollars to purchase. An entirely new commodity based on scraps of paper that permit you to produce carbon dioxide.

    Wait till the ramifications carry down to people trying to light wood burning stoves to burn the wood they cut down on their property and are told now to pay a fee for ‘permission’ to produce carbon dioxide in the process of heating their homes (after all, why should they be exempt from paying the fees the electric and oil home heaters are paying in increased charges! Schadenfreude to the blue states that use wood stoves for winter heat having this slap them in the face, this was what they wanted, right?)

    Oh yeah, this will be a lot of fun. They haven’t even begun to follow the logical progression of governmental interference and oversight on this scheme.

    • I imagine they could tax the sale of firewood, but with respect to wood you cut on your own, they would need lots of local enforcement to prevent that. Perhaps additional taxes on chainsaws and axes.

      My guess is that C&T will drop in popularity very, very quickly after the 0care debate wraps up. 0 will be below 40% in the polls long before C&T is on the front burner . . .

      • A sales tax on woodstoves! No no, an excise tax, just like on your car. Payed it every year as long as you own the stove….All you have to do to avoid it is prove you no longer own it.

        Fireplaces too! Have to have an increased property tax if you own a fireplace, you might use it to burn things that produce CO2.
        And you might burn too much, so…we’ll estimate it based on the amount of wood you’re using. Need to keep track of that woodpile and don’t be sneaking deadfall in you nasty tax evader!

        Not to mention inspections on oil burning systems to ensure they are producing an acceptable amount (your allotment) of CO2 and other warming gases. The people who do your yearly furnace maintenance will be required to submit the proper forms, or you, if you do it yourself (you’ll, uh, need costly monitoring equipment, which itself will have to be serviced to make sure it’s giving accurate readings…boy, the potential for the legislature to mine this stretch of ground for cash is pretty much wide open to the imagination!)

        What’s important here is that you pay the fee, or the tax. Just so long as you are rendering unto Caesar that which is Caesar’s. Trust us, we’ll only use this revenue stream to fight global warming climate change!

        In case you haven’t reasoned it out yet, logically this implies the government will now ‘own’ all the CO2 contained in anything that is combusted and you may have to pay some amount for the privilege of setting it free or having others set it free on your behalf. Be grateful we’re not charging you for breathing (and my advice for those who die, declare the pennies on your eyes…cuz I’m the tax man…)

    • When they get hit with the costs, they’ll blame the “greedy utilities” and “greedy oil companies”, ad nauseum, for “ripping them off” and the left/media/pols will do everything to encourage them.

  • Of those polled in a Washington Post/ABC poll 52% supported cap-and-trade legislation, until cost was introduced into the questioning…”

    If this isn’t an indictment of the stupidity of the populist masses, I don’t know what is. Who the @#$% did they think was going to pay for it?

    • Heh-heh…why, the government J, who else! It’s a magic entity that seems to have an endless supply of cash!

      Ask guys like THIS
      jackass

  • Don’t just hope “cap-and-trade will go the way of the Dodo bird, and become an extinct idea.” Let your senators know how you feel at http://dontcapandtradeourjobs.net/?soc=tmtwt.

  • Julie, I absolutely agree. Thanks for listing the website in your posting. As citizens, we have an obligation to become involved! The HR2454 proposal that is currently in the Senate is nothing short of being monumental. It will certainly have an effect on generations to come, in terms of economical sustainability and environmental integrity.

  • Everybody knows about the “Rule of 8″ right?
    ————————-
    $32.65 magically becomes $248.25
    ————————-
    Everything the gov’t does will cost 8 times more than the gov’t says.
    ————————-
    Remember that $10tril debt?
    ————————-
    Its really $80tril.