By: Brian Sikma
President Obama and House and Senate Democrats have joined forces with the environmental lobby to promote a “cap and trade” plan for dealing with global climate change. Under a cap and trade plan the government would sell carbon credits to businesses and the money raised by those sales (where the customer has no other option to turn towards outside of simply closing up shop) goes towards carbon reducing programs and policies. Companies that cannot buy enough credits will-if they intend to keep up production-need to invest in expensive new technology designed to reduce carbon emissions.
The creation and implementation of these carbon reducing measures is not just about saving the environment but is, according to Democrats, about jobs. Indeed, this plan is about jobs. I will cost the American economy jobs, increase unemployment, and drive up the cost of products and services that Americans use every single day. With cap and trade, while the net amount of carbon emissions will decrease, so will the number of good American jobs. Without a specific tie between carbon emissions and global warming being scientifically proven and without a meaningful cost/benefit analysis showing that it is better to impose an entire new class of taxes than to allow the current situation to exist, cap and trade legislation is not a good idea.
The problem of cap and trade was addressed by Rep. Mike Pence (R-IN) earlier this week on the House floor. In the key line he declared “The Democrat plan actually caps growth and trades jobs. The truth is, this cap and trade legislation is essentially an economic declaration of war on the Midwest by liberals in Washington, D.C., and it must be opposed.”
See the video below for Rep. Pence’s entire remarks: