06-28-2009, 06:36 AM
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Ah My Balls
Industry Role:
Join Date: Feb 2007
Location: Under the gold leaf ICQ 388-454-421
Posts: 14,311
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Quote:
Originally Posted by GatorB
LIE. Link or you're gay.
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http://www.heritage.org/research/ene...ent/wm2476.cfm
Quote:
How Big Is the Tax?
The Heritage Foundation's Center for Data Analysis (CDA) found that, after adjusting for inflation, the government would collect $5.7 trillion in tax revenue between 2012 and 2035. CDA's economic analysis found that, by 2035, the Waxman-Markey cap-and-trade legislation would also:
* Raise electricity rates 90 percent after adjusting for inflation;
* Raise inflation-adjusted gasoline prices by 58 percent;
* Raise residential natural gas prices by 55 percent; and
* Raise an average family's annual energy bill by $1,241.[2]
But the $1,241 annual energy bill is just the direct increase in energy prices that consumers face. As energy prices increase, the cost of making products becomes more expensive. Businesses will pass the higher costs of operating onto the consumer, which will be reflected in the higher prices Americans pay for products.
Higher energy prices also result in a slower economy, which means less production, higher unemployment, and reduced income. As the higher production costs ripple through the economy, household pocketbooks get hit again and again. When all the direct and indirect energy tax impacts have been added up, family-of-four costs rise by $2,979 per year on average over the 2012-2035 timeframe. In 2035 alone, the cost is $4,609
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