GOP: Energy Tax Will Not Work

In the weekly Republican address, Indiana Gov. Mitch Daniels calls for comprehensive energy reform rather than a cap and trade energy tax proposed by Democrats. (May 30)

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[DoctorS8n]

There is no debate that energy in this country needs regulation to prevent price gouging. I do not believe that cap and trade will make prices rise, if anything it will decrease the price for home owners, but for wasteful companies using excessive amounts of water and electricity it would not be a good solution. Anyway you slice it our current consumption needs curbed, not just because of climate change but because we are killing ourselves by pollution.

[DoctorS8n]

@Nickk361 If you imagine Mitch having a Hitler mustache its quite scary since he already has his haircut.

[walterfireson]

will they tax empty factories and businesses?

[cg66079]

He doesn't want to set a straight a carbon tax so he can appease the conservatives. If he did that would just give Republicans fodder to attack him for "tax and spend". Everyone is ok with the increase in tax on cigs and alcohol because it is a "sin tax" that hurts individuals, but how dare he tax corporations for their continued refusal to modernize. That is just outrageous.

[cg66079]

The thing is that the crux of the argument against the cap and trade is the secondary speculative trading. If Obama holds firm to his promises about regulation of speculative trading, complex derivatives, short selling, and hedge funds, it would attenuate this effect.

[abarzilai664]

My info was from this video: "Cap and Trade won't Cut It" from the Real News Network (watch?v=0KArJSH9I_E).

[Turcury]

Mitch never saw a public asset he didn't want to sell to his buddies and finance at Goldman Sachs. (see toll road sale article in Mother Jones), also was a druggie At Princeton caught after a 5 month drug investigation pled to possession after influential well placed buddies vouched for his abilities to serve them. We get hosed whoever is in power Bayh sucked as bad as Mitch come on third party.

[Nickk361]

Everyone liked Hitler too

[Nickk361]

In my state if you have a larger house or own a business and need critical medical machines which all require more electricity (kilowatt hours) we will now be charged at a higher rate than people who use less electricity. If that's not forced socialism I don't know what is.

[UniversalMeme]

Hear Obama's own words.

"Under my plan in a cap and trade system, electricity rates would necessarily sky rocket."

This will hurt Midwestern states way more than it will hurt Democratic states.

I know people who sometimes pay $400 a month for electricity in the summer. Obama want's that to skyrocket?!?!?!?!

Citizens in those states will suffer no matter political affiliation.

Obama's government is a money hungry leech on the American people.

It needs to be ripped off and stepped on.