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Via Friends of Don Beyer, this video is a couple of months old but, the ‘progressive carbon tax’ he promises to support in the video should frighten every Virginian. With no significant warming occurring in the last 17 years, is this tax really necessary? What does a tax like this mean for Virginia families?
In layman’s terms, under a tax like this, the government sets a cap on the total amount of carbon that can be emitted nationally; companies then buy or sell permits to emit CO2. Companies would have to spend a lot of money to retrofit their operations. Where would they get the money? As then-Senator Obama stated in 2008, under this plan electricity rates would skyrocket as the whole point of a ‘progressive carbon tax’ is to hike the price of electricity and gas so that Americans will use less.
Mr. Beyer is supporting this legislation because he, like many on the left, believe that Americans use too much energy. As Ross Kaminsky notes, this is simply not true.
As Heritage’s study of Waxman-Markey showed, the higher prices that will result from this legislation will show up not just in electricity bills or at the gas station but in every manufactured good, from food to cars. In turn, consumers will cut back on spending, which in turn will cut back on production, which results in fewer jobs created and/or higher unemployment.
Heritage notes in their study that a ‘progressive carbon tax’ like this would cost and average family of four over $1800 a year. If you calculate everything in a bill like this that a Democrat like Don Beyer wants, according to Heritage that figure hits $6800+ per year for a family of four. How many of you could afford an extra $1800 a year? $6800? I couldn’t.
A tax like this hurts Virginia families, especially the poorer among us, who tend to use more of their disposable income to energy. Don Beyer says he wants to help the poor but a tax like this certainly would not help them. Voters should realize this when going to the polls on June 10.