Cap and Clobbered: Midwest Will Be Hit Hardest By Cap & Trade

Here is my latest column at American Issues Project:

Cap and Clobbered: Midwest Will Be Hit Hardest By Cap & Trade

Democrats know their cap and trade energy legislation will cripple the US economy. Barack Obama admitted it on the campaign trail in 2008 saying the program “would cause energy prices to skyrocket.” Obama also promised this audience of supporters that cap and trade would bankrupt the coal industry. White House Budget Director Peter Orszag told George Stephanopoulos in a March interview that Obama’s proposed cap and trade energy legislation would increase energy costs for everyone. Democratic Congressman John Dingell (D-MI) summed up cap and trade at a Congressional hearing on April 24th saying, “It’s a Great Big Tax.”

Cap and trade policies will likely cost American families $700 to $1,400 dollars per family per year. The Department of Energy estimated GDP losses would be between $444 billion and $1.308 trillion over the 21-year period. Cap and trade also could cost the US 4 million jobs. But, those living in America’s Heartland will likely be hurt the most from the democrat’s cap and trade legislation. In Missouri and the Midwest where energy is “cheap” cap and trade will likely cause electricity rates to double. The New York Times reported on how the cap and trade program will likely affect Missourians earlier this year…

You can read the rest here. There is also a list of my recent columns on this page.

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