I believe it's even worse than that. I wouldn't be surprised if my utility bill increased by over $100 a month and I have a small energy efficient house. Just double your bill for an easy estimate. Gas for your car and natural gas if you use it in your home will be a lot more expensive too. I wouldn't be surprised if it was at least triple the cost when these new taxes go into effect.

Cap and Trade is wrong for America. This new tax would result in a more direct cost increase of $1760 a year for your utilities (electric, gas, etc.), a lot higher if your utilities are a lot higher than that already (I'm thinking just double your utility bill.) and much more expensive gas for your car. This doesn't even consider the multiplier effect of higher energy prices. Trucks that transport our food will have higher prices. Bakeries that bake your bread will have a lot higher costs. Food prices and everything that gets shipped will have higher costs. The net effect may be 2 or 3 times $1760 when you factor in all the other higher costs. If enacted I will have to cut costs everywhere possible and still not be able to save any money for a new electric or more efficient car. How is that helping me or the environment? It's not.

Then I just read tonight that one of our South Carolina Republican senators Lindsey Graham supports cap and trade. It may sound good to him, he can afford it. I won't be able to. Instead of giving incentives and tax breaks if you have the money to buy a new car, it sounds like they want to tax us to death so we won't have anything left. If passed, I really do not see how many families will be able to survive if they are still employed and need every dime they make. I've been trying to save my money but these new higher costs ($1761 per year times 2 or 3 for other hidden cost increases to food, etc. you name it) will make things pretty rough for me. Without the tax increases, I can continue to save about $1760 per year as long as I stay employed. I'm wondering if we have idiots running our country if they don't understand simple economics like this.



[edit on 21-10-2009 by orionthehunter]

Originally posted by ProfEmeritus
This is just one more tactic of the Obama administration to destroy the American family, and the American way of life. He wants nothing less than a complete dictatorship, where every single person in the United States is dependent upon the government for their very existence.
He is systematically destroying everything that hard working Americans spent centuries building.

Not sure what he is destroying. Our awesome economy? The excellent family life we enjoys? Our physical or mental health?

All those things are already broken, shoot, they have been getting worse for 30 years now. That said, I can't say that Obama is destroying anything, but I will say that he is tapping a dry well.

Screw the Cap and Trade nonsense along with the global warming junk. It's only a piece of the pie.

Originally posted by ProfEmeritus


I can only say that if you feel that way about your family life, then indeed, for you, all has already been destroyed.

Wow. You ignored my post, picked out one piece of it, extrapolated on it, then applied it to me specifically.

Perhaps I should add the American Political System to the list. I was hoping for something more interesting.

Originally posted by KrazyJethro
Not sure what he is destroying.

Think about the millions of Americans who are just getting by, making their payments, nothing fancy you know.
Small 3 bedroom ranch in the suburbs, a reasonable mortgage with reasonable payments, car is paid for, a few years old. Little, if any, debt.
Middle America, if you will.

Cap and Trade will destroy them.







And, if by some miracle those folks get through that, the healthcare plan will finish the destruction.

Originally posted by DontTreadOnMe
Think about the millions of Americans who are just getting by, making their payments, nothing fancy you know.

Very few are without blame on that count, even the people. It's not a secret that after wages ceased increasing with productivity and sat still (with a slight downward trend), that the credit market took over.

We all were culturally stupid.

Small 3 bedroom ranch in the suburbs, a reasonable mortgage with reasonable payments, car is paid for, a few years old. Little, if any, debt.
Middle America, if you will.

Cap and Trade will destroy them.

Almost anything will destroy them at this point. I see no need to bother saying which stupid idea will take the cake.

And, if by some miracle those folks get through that, the healthcare plan will finish the destruction.

True, but I think the conversation is wrong. These are things you can't do anything about.

I think it's sad when elected officials say they support a bill or proposal like this but don't understand what these higher costs will do to the average American family struggling to get by as things are now. Taking this tax money or money collected via Cap and Trade and giving it away to people in other countries doesn't seem right either. I have wondered if the alternative is to let the value of the dollar drop so much that it's not worth much anyway. That would make my life savings in my 401K pretty much worthless or only worth a small fraction of what it used to be worth. I do believe gas, oil and energy prices will naturally rise without adding additional costs or taxes to them. People can save their money and use it for a downpayment on a new electric car when they come out and become affordable. However if electricity and every other energy source costs a whole lot more than it would otherwise thanks to the government, our government will only be making things worse. Average Americans with money will spend money to save money (they will buy electric cars if it saves them money). However if they had all their spare change taken away via Cap and Trade, I doubt they will want to go out and buy a new car.

Originally posted by DontTreadOnMe

Middle America, if you will.

Cap and Trade will destroy them.

there will be no 'middle america' by the time CT rolls around.

CT will not happen if it will cause such a rise in taxes (15%), period.

Cap and Trade will kill the electric car.

The raise in electric cost because of cap and trade will make the cost of charging electric cars so high that people will not buy them.

Only people that work night shift and can put solar panels on there homes to charge there car while they sleep during the day will find a savings in buying a electric car.
Even then the added cost may still make it break even to drive a electric car.

Where is the link to the article? And in your first paragraph alone, you used a nice scare tactic and amped up 2-3 times what people are going to pay for power in just one short paragraph, with absolutely no proof whatsoever.