Cap and Trade Legislation
Excerpts from a Wall Street Journal Article
“The whole point of cap and trade is to hike the price of electricity and gas so that Americans will use less. These higher prices will show up not just in electricity bills or at the gas station but in every manufactured good, from food to cars. Consumers will cut back on spending, which in turn will cut back on production, which results in fewer jobs created or higher unemployment. Some companies will instead move their operations overseas, with the same result.”
“Low-income Americans, who devote more of their disposable income to energy, have more to lose than high-income families.”