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Posted on 06/15/2009 8:42:43 AM PDT by bamahead
Many policymakers portray a cap-and-trade system as a way to curb greenhouse gas emissions without burdensome taxes. However, the financial burden of such a system would be passed on to consumers, not simply borne by energy companies.
A new Tax Foundation calculator now shows how much a U.S. cap-and-trade system would cost individual households annually. The Tax Household Cap-and-Trade Burden Calculator is based upon a study released in March, Tax Foundation Working Paper No. 6, "Who Pays for Climate Policy? New Estimates of the Household Burden and Economic Impact of a U.S. Cap-and-Trade System." The study shows that a cap-and-trade system designed to reduce greenhouse gas emissions by 15 percent would place an annual burden of $144.8 billion on American households. The average annual household burden would be $1,218, which would be approximately 2% of the average household income.
Although carbon emission permits under a cap-and-trade system would be purchased first by energy companies, the costs are ultimately paid by American consumers. The calculator asks how much a household's combined monthly income is (pre-tax) and how much a household spends monthly on various items like electricity, natural gas, food, clothing and transportation. It then calculates the total annual additional cost that cap-and-trade would impose on that household as well as the cap-and-trade burden as a percentage of income.
Calculate your household's cap-and-trade burden.
ping
I just can wait to pay more green to pretend to be “green”.
i owe al gore $3,000,000.00
Carbon Cap & Scam Ping - (POGW)
I guess a fire place and coal fired smelter doesn’t count. What about buring leaves? And burning trash? And witches?
Can I trade my Suv for 2 witches? ( A real problem in my neighbor hood).
I just posted this on facebook, telling my stupid liberal family that they can pony up our share.
CRAP!
bttt
Ok, so if CO2 is the problem, then the removal of C02 is a very GOOD thing, right? So what removes atmospheric CO2? Plants, right? So then why the hell don't I get credit for my 3 acres of land, most of which is lush, green, CO2-sequestering plant life?
If you buy this CO2-caused global warming crap, then city dwellers ought to bear the brunt of the cost associated with it because they are nothing but carbon producers. People with acreage who live in the country should get sequestration credit for green space.
Feldstein: The coming tax regime that will kill American productivity by Ed Morrissy
http://www.freerepublic.com/focus/f-news/2250751/posts
http://www.heritage.org/Research/EnergyandEnvironment/tst050509c.cfm
It is important to be honest and up front with the American people about the costs of Waxman-Markey. And these costs are far higher than many proponents of the proposal have suggested. While the nationwide costs are substantial, the regional differences are also very important, especially for those states and districts identified by the Manufacturing Vulnerability Index as likely to be very hard hit.
Public Cares About the Economy,
Not Global Warming
I use so little energy Al Gore owes me money!
Well, our expenses already drain away every dime we make, and then some, in our regular jobs. The only way to make up the difference is with overtime, etc. We’ve been doing that for years. Cap-and-trade is going to hit us up for an extra $2,200 a month and will sink us, according to this calculator. But that appears to be the whole idea.
Hey! I want credit for every tomato I grow! And double credit for every time I don’t mow my lawn!
I posted this up on my Facebook page, too. I’m sure the libs won’t even bother to see what their “fair share” is, although a few of them would be PROUD to pay for this idiocy.
Our burden was $1500+.
At the end of the Obamanation, are any of us going to have ANY money left?
Piker, for two of us, living a frugal life, our burden was $,3330.
Interesting. 25 percent of my income. What the heck? lol.
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