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Cap and Tax Will Hurt Virginia

From Todd Hollenbeck on Tuesday, October 20, 2009 10:19 AM
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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 Virginia.  

Detailed information on this and other energy taxes can be found in the Americans for Tax Reform Energy Tax Analysis, May 2009.  
Virginia:
 
According to a study by Karen Campbell, Ph.D. and David Kreutzer, Ph.D. at the Heritage Foundation, Virginia will suffer the following losses in 2012 as a result of Cap and Tax: 
  • A decline in Gross State Product of $3,812,700,000
  • Total Personal Income Loss of $5,683,580,000
  • Non-Farm Job losses of 42,414 
An update to the Heritage Foundation’s study further shows an: 
  • Increase in Electricity Prices from 2012-2035 of $532.18 per household.
  • Increase in Gas Prices from 2012-2035 of $0.64 per gallon. 
Contact your Senators today and tell them to VOTE NO on the Waxman-Markey Energy Tax.
Senator Mark R. Warner: (202) 224-2023
Senator Jim Webb: (202) 224-4024

Permalink | Email | Print | Tags: TAXES, ENERGY, SPENDING, Virginia

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Comments

When we voted for Jim Webb, he said he would stand up for Virginia residents, and promised us he was a moderate. How can they betray us and support this???
>> Jillian Kerena Tuesday, October 20, 2009 3:17 PM

You should call him and ask him?
>> TCH Tuesday, October 20, 2009 4:11 PM

In my opinion most politicians running for office will tell you anything to get your vote. When they get into office it's a different ball game. It doesn't matter what the issue is whether it's taxes, spending, health care, medicaid, medicare or the war on terror. Speaking of the War on Terr-or the commander in chief said he would give the Generals whatever they needed to get the job done. It's been 52 days since The Head General asked for 45,000 more Troops to complete the job to secure Afghanistan.The letter is still on Obama's desk & no troops!!! Lets get the General what he needs.Now!!!!
>> Carl L. Neely Tuesday, October 20, 2009 8:43 PM

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