A new Government Accountability Office (GAO) study has found that the planet killing polluters in the government at local, state, and federal levels will need $16.6 billion in additional revenue to purchase carbon credits if cap-and-trade passes. Governments produce approximately 13 percent of the carbon dioxide emissions in the US. The good news is they won’t have to pay for it…the bad news is you will!
As Brian Johnson, federal affairs manager for Americans for Tax Reform, told CNSNews, “In order for the states to raise this money [for carbon allowances], they’re going to have to increase utility costs and/or just increase direct taxes on their citizens. There’s going to be no way to raise these funds without doing that.”  Johnson went on to say, “You’ve got something like 36 states that get 80 percent or more of their energy from carbon-based sources, so they’re going to be really hit by something like this in order to have the proper allowances. I mean, they’ll necessarily have to raise taxes. I don’t see any way around it.”