Posted on 10/24/2009 1:01:41 PM PDT by khnyny
In the October 2, 2009 Virginia Attorney General’s debate, my opponent and I had the opportunity to ask each other one question regarding our top priorities. His top priority - “global warming,” which of course comes along with a raft of legislative and regulatory burdens and taxes. At the federal level, this legislation is called “cap and trade.”
The (so-called) “Cap and Trade” legislation is meant to restrict greenhouse gas emissions from industry, mainly carbon dioxide from the combustion of coal, oil, and natural gas. A better name for this legislation would be “Ration and Tax.” This is because under this bill, the government would require anyone who uses electricity, who drives a car, or who runs a business to hold a “ration coupon” for his or her emissions, with the number of coupons being reduced every year to force a reduction in emissions, thus producing higher energy taxes for the average citizen. The net effect of this “Ration and Tax” would be economic harm and a loss of jobs for our citizens, and all without having a noticeable positive impact on the global climate. The coal industry, which provides over half of Virginia’s electricity, would be particularly hard hit by this bill.
The economic costs of “Ration and Tax” are well documented. This year’s House bill was estimated by the Heritage Foundation to lose 2.5 million net jobs by 2035. The loss of economic output: $9.4 trillion. The jobs lost in Virginia: 52,700. The report also stated that by 2035, Virginian’s will see their electricity prices rise by $1,031.73 and their gasoline prices rise by $1.31 per gallon solely because of “Ration and Tax”.
(Excerpt) Read more at redstate.com ...
Mr. Cuccinelli is the Republican candidate for State Attorney General of Virginia.
http://www.bobmcdonnell.com/ for Governor
http://www.billbolling.com/ for Lieutenant Governor
http://www.cuccinelli.com/ for Attorney General
It’s get out the vote time.
Cap and Trade will hurt all of us.
bump
Cap and Tax will hurt all of us!
The people who have done the most to hurt VA in the past decade are the Virginians themselves.
Excellent McDonnell ad regarding cap and trade:
http://www.bobmcdonnell.com/index.php/blog/comments/new_ad_meadwestvaco
Thanks for posting the video.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.