[an ambitious plan to raise $646 billion from a carbon reduction proposal]
Call it what it is! I MASSIVE tax increase!
Not only is it a massive tax increase - what I find interesting is it is NOT a progressive tax increase - even poor folks pay this. So watch for the dems to find a way so not all pay for this but only achievers
Obama’s cap and trade would result in factories closing or reducing operations, and much higher unemployment. More jobs would leave the U.S. permanently.
Even without such a stunningly dumb plan, unemployment will probably go to 12%.