Tax Reform ATR believes that all consumed income should be taxed one time, at one low and flat rate. Link
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taxreformer
Americans for Tax Reform released a coalition letter signed by 186 national and state leaders in a letter to all members of Congress urging opposition to H.R. 2454, “The American Clean Energy and Security Act,” also known as the Waxman-Markey plan (or Cap-and-Trade/Cap-and-Tax).
Signatories included state and national leaders, 119 current legislators representing 39 different states, heads of think-tanks, activist groups, business owners and organizations representing millions of American families.
Click here to view the PDF of the press release.
Click here to view the PDF of the 186 member coalition letter.
The complete text of the letter follows:
Dear Representative:
On behalf of the undersigned 186 state and national leaders, Legislators, heads of think-tanks, activist groups, business owners and organizations representing millions of American families, taxpayers and energy consumers, we urge you to oppose H.R. 2454, “The American Clean Energy and Security Act,” also known as the Waxman-Markey plan (or Cap-and-Trade/Cap-and-Tax).
This bill was recently passed out of the U.S. House Energy and Commerce Committee and we are urging all members of Congress to oppose consideration of this bill. This bill raises taxes on American families, increases the cost of energy, and eliminates American jobs. These are not proposals we can support.
The Waxman-Markey bill you are asked to consider will increase energy costs by $1,500 annually for the typical family of four. Further, the Heritage Foundation estimates that even with the estimated 26 percent reduction in electricity use, electric bills will increase $754 with the Waxman-Markey plan. Additionally, from 2012 to 2035, a typical family will spend $12,200 more on its electric bill than in the absence of Waxman-Markey.
Despite the attempts in Waxman-Markey to decrease gas consumption by 15 percent, gas prices will still increase. As a result of the Waxman-Markey plan, an average American family of four will pay an additional $596 for gas usage in 2035. From 2012 to 2035, the Waxman-Markey plan will cost them an additional $7,500 in gas costs.
Before all the damage is done from Waxman-Markey, a family of four will see its direct energy costs rise by $22,800 from 2012 to 2035.
The Waxman-Markey plan does not just raise taxes and increase energy costs; it is expected to end 1,105,000 American jobs annually. The proposed Cap-and-Trade scheme will result in a loss of nearly 2,500,000 million American jobs. America needs economic policies that lead to job creation, not job destruction. This proposal is not something we are prepared to accept.
Table I - Percentage of Electricity that Meets Congress’ Definition of ‘Carbon-Free Renewable’ Energy for Each State
AL 2.5 HI 5.4 MA 0.7 NM 4.5 SD 1.9
AK 0.2 ID 5.5 MI 2.0 NY 1.6 TN 1.0
AZ 0.1 IL 1.4 MN 9.2 NC 1.5 TX 3.9
AR 2.9 IN 0.3 MS 3.1 ND 4.7 UT 0.6
CA 12.6 IA 7.3 MO 0.2 OH 0.3 VT 7.1
CO 5.9 KS 3.8 MT 2.3 OK 3.4 VA 2.9
CT 0.1 KY 0.5 NE 0.8 OR 5.8 WA 4.4
DE 2.1 LA 3.1 NV 3.8 PA 0.9 WV 0.4
FL 1.3 ME 23.8 NH 5.0 RI 2.1 WI 2.6
GA 2.3 MD 0.5 NJ 0.4 SC 1.7 WY 2.0
As indicated in Table I, the Waxman-Markey-mandated Federal Renewable Electricity Standard (RES) (which requires the nation to derive 10 percent of electricity from renewable sources by 2012 and 25 percent by 2025) is simply unrealistic given our current situation. Fourteen states (in bold boxes) are currently receiving less than one percent of their electricity from “renewable” sources. Forcing this unrealistic mandate without an opt-in option or state-defining renewable option will do nothing more than increase the cost of electricity on rate paying consumers.
States that cannot meet with RES will be face monetary penalties from the federal government. These penalties will be passed onto consumers in the form of higher fees and taxes which they simply cannot afford. Further, by not allowing states to define what is “renewable” in their region, the bill inaccurately assumes that Maine has the same resources available as California. This ill-conceived logic should not be part of any national energy strategy.
Further, the bill calls for the 2050 CO2 emissions rate to be 83 percent lower than the 2005 emissions rate. However, as seen in Table II, 36 states (in bold boxes) produce their energy using over 80 percent carbon-based fuels. This proposal will cripple state economies, as energy is overwhelmingly derived from carbon-based fuels. Sadly, consumers will experience negative effects from unrealistic goals when they result in higher taxes, increased fees, and higher prices.
Table II - State Percentage of Energy Supplied by Carbon-Based Fuels
AL 76.3 HI 94.9 MA 90.8 NM 97.8 SD 84.1
AK 97.8 ID 64.6 MI 86.8 NY 77.5 TN 81.8
AZ 80.9 IL 46.6 MN 85.4 NC 78.1 TX 95.0
AR 77.5 IN 98.6 MS 85.1 ND 95.9 UT 98.3
CA 82.7 IA 90.4 MO 93.6 OH 94.0 VT 52.9
CO 97.6 KS 89.5 MT 79.9 OK 97.0 VA 81.1
CT 75.1 KY 97.4 NE 83.5 OR 59.3 WA 53.1
DE 99.4 LA 91.1 NV 92.1 PA 80.4 WV 98.5
FL 87.4 ME 64.5 NH 68.0 RI 97.0 WI 86.2
GA 81.8 MD 84.6 NJ 84.3 SC 65.8 WY 97.8