Today at a Congressional hearing on global warming, Democratic Congressman John Dingell admitted that cap and trade is a tax-- a Great Big tax!
That's right, despite the fact that there is no scientific consensus on climate change, Team Obama and the Dems are moving forward with their anti-market and anti-consumer cap-and-trade system for controlling emissions of gases blamed for global warming.
The Cap-and-Trade program will be one of the biggest spending items in the federal government’s history.
Even Obama admits will cause energy costs to skyrocket. The initiative will cost American families $700 to $1,400 dollars each year. The crew over at Heritage gives us a great illustration of what your share of "Cap and Trade" will be:
Exactly what America needs during recession. Hope and Change.
