Barack Obama's Budget Finds Alternative Ways to Tax All Americans
That didn't take long. The same week that President Obama promised (again) that "95% of working families" would not see their taxes rise by "a single dime," his own budget reveals that taxes will rise for 100% of everyone for the sake of global warming. Ahem. Full Story »
Posted by Derek Hawkins
The cap and trade system, while by no means perfect, creates financial carrots and sticks to those who are more efficient, and those who are not. Due to the increased cost of purchasing from those in the same industry who use more carbon, consumer behavior will become aligned with our energy needs. It is strange that the WSJ, which fancies itself a mouthpiece for US business, writes an editorial that assumes that no one will innovate their way into the position of actually benefiting financially from cap and trade.