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10 Reasons to be Thankful that Cap and Trade Hasn't Passed


Posted by Todd Hollenbeck on Tuesday, November 24th, 2009, 3:41 PM PERMALINK


This year we have much for which to be thankful: family, friends, and the Obama-Reid-Pelosi National Energy Tax (Cap and Trade) has not yet become law to name a few. We would like to remind you of 10 reasons you should be thinkful for that this year: 

  1. We don’t have to pay over $100 billion in additional taxes.
  2. We don’t have to pay an additional $3.6 trillion in gas taxes.
  3. We won’t lose 1.1 million jobs between 2012 and 2030 and 2.5 million each year after that.
  4. We haven’t made new industries that are dependent on government handouts for their survival.
  5. We don’t have a new bureaucracy in place to allocate and sell carbon credits that will increase corruption and favoritism in Washington, DC.
  6. Our energy costs will not go up by $1500 per year for a family of four.
  7. We won’t have our national debt increase by 26 percent by 2030. An increase of $116,600 for a family of four.
  8. We won’t have protectionist tariffs to create trade wars and cause increased prices and shortages on the goods we need.
  9. We won’t have a reduction in GDP of $9.4 trillion between 2012 and 2030.
  10. We won’t have a 58% increase in gas prices. 
A PDF of ATR’s press release can be found here

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