Anyone who does any serious reading will soon discover that it didn’t do squat to lower CO2 in the EU. So now those wonder boys and girls in our government want to do it here. This is a real con game; one of biggest companies pushing it way back when was Enron. Why? Hey, they already traded in air so how could it not get any better? We all know how well that worked out.
But to the point. Our new, wonderful leader says he will NOT raise taxes on the middle class one bit. But what he will do is allow businesses, utility companies, and anyone else that gets caught in this cap & trade scheme (which is really everyone) to pass their costs back on to us. The middle class. The government is the one who will be selling these carbon credits to help pay for another big “plan”, so this is a tax, plain and simple. But wait! We will get some of that money back to help defray the cost.
So right off the bat they are admitting this could cause hardship (brilliant deduction there) so some will get help. Wonder where the cut off on that will be?