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Todd Hollenbeck

How Cap and Tax Will Hurt Idaho


Posted by Todd Hollenbeck on Wednesday, August 26th, 2009, 12:21 PM PERMALINK


In our continuing, daily, state by state, look at the financial impact of the Waxman-Markey Cap and Trade Tax Bill, we will show you the projected losses in Gross State Product, Personal Income, and Non- Farm Jobs in Idaho.
 
Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009.
Idaho:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Idaho will suffer the following losses in 2012 as a result of Cap and Tax: 
  • A decline in Gross State Product of –$587,820,000
  • Total Personal Income Loss of – $831,470,000
  • Non-Farm Job losses of 8,269 
An update to the Heritage Foundation’s study further shows an: 
  • Increase in Electricity Prices from 2012-2035 of $531.92 per household.
  • Increase in Gas Prices from 2012-2035 of $0.66 per gallon. 
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Mike Crapo: (202) 224-6142
Senator James E. Risch: (202) 224-2752

Obama to Spend Billions on Oil Exploration...In Brazil


Posted by Todd Hollenbeck on Wednesday, August 26th, 2009, 12:05 PM PERMALINK


That’s right, the Wall Street Journal reports, $2 billion of your tax dollars will soon be going to the state-owned Brazilian oil company, Petrobras so they can explore the off-shore Tupi oil field in the Santos Basin. The WSJ wrote, “The U.S. Export-Import Bank tells us it has issued a ‘preliminary commitment’ letter to Petrobras in the amount of $2 billion and has discussed with Brazil the possibility of increasing that amount.” This money will come either in the form of a direct loan or loan guarantees. 

One might look at the massive national dept, suffering economy, failing Post Office, failing Cash For Clunkers program, billions for bailouts, billions for ‘stimulus,’ and the fact that we already had to work until August 12th this year just to pay for the current costs of government, and ask “How can we afford to pay Brazil to do something we don’t even allow in our own country?”
 
That is a good question; here is the White House's phone number so you can ask them 202-456-1111. I’m sure they will answer since the website says, “President Obama is committed to creating the most open and accessible administration in American history.”

Photo Credit: http://www.flickr.com/photos/httpwwwmouthshutcomusermariner2html/ / CC BY-SA 2.0

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Not Evil Just Wrong exposing the costs of Global Warming Hysteria


Posted by Todd Hollenbeck on Tuesday, August 25th, 2009, 12:36 PM PERMALINK


Last Wednesday, Phelim McAleer and Ann McElhinney screened their new documentary Not Evil Just Wrong: The True Cost of Global Warming Hysteria. This feature-length documentary takes on the claims made in Al Gore’s alarmist documentary An Inconvenient Truth, a film that was determined by a British High Court judge to contain at least nine significant errors.
 
The film shows the other side of the scientific debate, the side that doesn’t exist according to the global warming extremists, with people such as Dr. Patrick Moore, founding member of Greenpeace, who said in the film, “I don’t believe that there is a climate catastrophe; I don’t use the word chaos or disaster to describe the present changes in climate, which are well within natural variations that have occurred in the past history of the earth.”
 
After debunking many of the claims made by Gore and other extreme environmentalists as false, misleading, or grossly exaggerated, the film looks at the human costs of anti-global warming policies and other misguided environmentalist policies. The actions of these do-gooder greenies have led to the deaths of millions of people in developing countries do to malaria outbreaks that could have been prevented with the use of DDT. The current proposals to limit CO2 emissions will have equally devastating effects to not only Americans but to the rest of the world as well.
 
In the United States, actions such as moratoriums on coal plants and taxes on energy will increase costs for everyone, send jobs overseas, diminish our standard of living, and restrict our technological progress. These actions will hurt the poor and middle class much more than the rich, but will ultimately hurt as all. An increase in the costs of energy is going to have a much more devastating effect on a family making $50,000 per year than it will on one making $100,000. Leo Murray, a spokesman for Plane Stupid, a British group that uses non-violent protests to try to stop people from flying, said in an interview in the film, “The truth is that the measures that the science is demanding to prevent very catastrophic climate change will affect the American way. It’s not going to be painless. Al Gore is giving us the impression that we can do it and not really make much of a change to our lifestyle. It’s not true.” At least he is honest about the devastating impact the policies he advocates will have on our lives, more than I can say about his fellow global warming alarmists.
 
Environmental extremists are not content to harm only the poor and middle class in America. There policies, such as banning DDT world-wide and now trying to limit the availability to cheap electric sources like coal and oil, have resulted in millions of preventable deaths in developing countries from malaria and are dooming them to perpetual poverty. The United States used DDT heavily to eradicate malaria from the country and save the lives of millions. After Rachel Carson’s book Silent Spring, however, there was a near worldwide ban on DDT. Many of the fears of DDT have been largely discredited, but millions of people died needlessly. What do the environmentalists care about some poor people in Africa as long as they can do their part for Mother Earth?
 
This same kind of knee-jerk hysteria is being practiced in the global warming scare. The environmental extremists want us to pass massive energy taxes and restrictions in a belief that the world is going to end if we don’t. Without any idea if schemes like cap and trade will have any impact of the climate, environmentalists and politicians are willing to rush forward and impose this burden on average Americans, without considering the devastating effects. This agenda is leading us down a very dangerous path that in all likelihood is more dangerous than the “disaster” they are trying to avert.
 

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How Cap and Tax Will Hurt Hawaii


Posted by Todd Hollenbeck on Tuesday, August 25th, 2009, 12:03 PM PERMALINK


In our continuing, daily, state by state, look at the financial impact of the Waxman-Markey Cap and Trade Tax Bill, we will show you the projected losses in Gross State Product, Personal Income, and Non- Farm Jobs in Hawaii.
 
Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009.
Hawaii:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Hawaii will suffer the following losses in 2012 as a result of Cap and Tax: 
  • A decline in Gross State Product of –$707,140,000
  • Total Personal Income Loss of –$887,160,000
  • Non-Farm Job losses of 6,661 
An update to the Heritage Foundation’s study further shows an: 
  • Increase in Electricity Prices from 2012-2035 of $1,003.70 per household.
  • Increase in Gas Prices from 2012-2035 of $0.73 per gallon. 
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Daniel K. Akaka: (202) 224-6361
Senator Daniel K. Inouye: (202) 224-3934

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Energy Citizens' Rally LiveStreaming Today


Posted by Todd Hollenbeck on Tuesday, August 25th, 2009, 11:55 AM PERMALINK


Two Energy Citizens’ rallies will be taking place today in Elkhart, IN and Greeley, CO. Energy Citizens’ is an alliance of people which is “urging the Senate to get it right and make sure that climate, energy and tax legislation would not take money out of Americans’ pocketbooks and cost millions of jobs.”

For those of you who are not in Elkhart or Greely, fear not, you can view the rallies online at www.livestream.com/eventstrategiesinc.
 
Elkhart’s event kicks off at 12 Noon EDT
 
Greeley’s rally is at 2:30 p.m. EDT

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How Cap and Tax Will Hurt Georgia


Posted by Todd Hollenbeck on Monday, August 24th, 2009, 10:34 AM PERMALINK


In our continuing, daily, state by state, look at the financial impact of the Waxman-Markey Cap and Trade Tax Bill, we will show you the projected losses in Gross State Product, Personal Income, and Non- Farm Jobs in Georgia.

Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009
Georgia:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Georgia will suffer the following losses in 2012 as a result of Cap and Tax: 
  • A decline in Gross State Product of –$4,556,710,000
  • Total Personal Income Loss of –$5,635,760,000
  • Non-Farm Job losses of 51,653 
An update to the Heritage Foundation’s study further shows an: 
  • Increase in Electricity Prices from 2012-2035 of $676.99 per household.
  • Increase in Gas Prices from 2012-2035 of $0.61 per gallon. 
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Saxby Chambliss: (202) 224-3521
Senator Johnny Isakson: (202) 224-3643

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How Cap and Tax Will Hurt Florida


Posted by Todd Hollenbeck on Friday, August 21st, 2009, 10:59 AM PERMALINK


In our continuing, daily, state by state, look at the financial impact of the Waxman-Markey Cap and Trade Tax Bill, we will show you the projected losses in Gross State Product, Personal Income, and Non- Farm Jobs in Florida.

Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009.
Florida:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Florida will suffer the following losses in 2012 as a result of Cap and Tax:
  • A decline in Gross State Product of –$8,441,260,000
  • Total Personal Income Loss of –$12,111,390,000
  • Non-Farm Job losses of 96,331
An update to the Heritage Foundation’s study further shows an:
  • Increase in Electricity Prices from 2012-2035 of $829.00 per household.
  • Increase in Gas Prices from 2012-2035 of $0.65 per gallon.
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Mel Martinez: (202) 224-3041
Senator Bill Nelson: (202) 224-5274

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How Cap and Tax will Hurt Delaware


Posted by Todd Hollenbeck on Thursday, August 20th, 2009, 11:50 AM PERMALINK


In our continuing, daily, state by state, look at the financial impact of the Waxman-Markey Cap and Trade Tax Bill, we will show you the projected losses in Gross State Product, Personal Income, and Non- Farm Jobs in Delaware.
 
Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009.
Delaware:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Delaware will suffer the following losses in 2012 as a result of Cap and Tax:
  •  A decline in Gross State Product of –$690,890,000.
  • Total Personal Income Loss of –$606,930,000.
  • Non-Farm Job losses of 4,792.
An update to the Heritage Foundation’s study further shows an:
  • Increase in Electricity Prices from 2012-2035 of $549.04 per household.
  • Increase in Gas Prices from 2012-2035 of $0.66 per gallon.
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Thomas R. Carper: (202) 224-2441
Senator Edward E. Kaufman: (202) 224-5042

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How Cap and Tax will Hurt Connecticut


Posted by Todd Hollenbeck on Wednesday, August 19th, 2009, 12:50 PM PERMALINK


In our continuing, daily, state by state, look at the financial impact of the Waxman-Markey Cap and Trade Tax Bill, we will show you the projected losses in Gross State Product, Personal Income, and Non- Farm Jobs in Connecticut.
 
Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009.
 
Connecticut:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Connecticut will suffer the following losses in 2012 as a result of Cap and Tax:
  •  A decline in Gross State Product of –$2,485,380,000
  • Total Personal Income Loss of –$3,342,300,000
  • Non-Farm Job losses of 20,121
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Christopher J. Dodd: (202) 224-2823 
Senator Joseph I. Lieberman: (202) 224-4041

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Doubts about Cap-And-Trade, From the Inventor


Posted by Todd Hollenbeck on Tuesday, August 18th, 2009, 5:25 PM PERMALINK


The Wall Street Journal reports that one of the two economists that dreamed cap-and trade in the 1960s, Thomas Crocker is doubtful about its effectiveness. As the WSJ writes, “But Mr. Crocker and other pioneers of the concept are doubtful about its chances of success. They aren't abandoning efforts to curb emissions. But they are tiptoeing away from an idea they devised decades ago, doubting it can work on the grand scale now envisioned.”

Cocker says he would prefer an outright tax on emissions because it would be more flexible and easier to enforce. He says there are two main problems with a cap-and-trade system for curbing carbon use. First, carbon is not limited to just the United States, in fact it occurs naturally in the whole world. Crocker told the WSJ, “It is not clear to me how you would enforce a permit system internationally. There are no institutions right now that have that power.” The other problem is that since there is no way of knowing the economic impact of global warming, there is no way to know how tightly to restrict carbon emissions.
 
An outright tax would not fix these problems either, though Crocker feels it would be more flexible than a cap-and-trade system. “Once a cap is in place," Crocker warns, "it is very difficult to adjust.”
 
An emission tax might be more flexible, though taxes are usually more flexible in an upward direction than in a downward direction. An emissions tax would certainly be more honest; rather than politicians hiding behind a cap-and-trade scheme, they would have to tell us they are going to tax us and how much.
 
Both a cap-and-trade system and an emissions tax would be damaging to the economy. Whether you think that damage would be worth it or not, it is important for us to realize how much doubt exists in this subject and that it is suicide to rush into drastic measures that can have devastating effects on the economy and standards of living.
 
The science about global warming is not settled; the debate about cap-and-trade is not settled. This is too great a cost for us to rush into without all of the information. The Senate needs to start by consulting the Constitution to see if their proposals are even legal, and then consider whether the “solutions” are worse than the possible problems?
 

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