But Don't Call It A Tax

clipped from gatewaypundit.blogspot.com "Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers." Senator Barack Obama Speaking on Cap and Trade San Francisco Chronicle January 17, 2008 Barack Obama admitted last year that cap and trade legislation would cause electricity prices to skyrocket. Cap and trade will likely cost $700 to $1,400 dollars per US family per year Democratic Congressman John Dingell (D-MI) summed up cap and trade at a Congressional hearing on April 24th-- "It's a Great Big Tax!" House Democrats used political muscle and party loyalty on Thursday to ram through an anti-global warming bill that opponents caution could cost a family of four $2,937.38 a year. The Democratic bill contains language – a matter initially denied by its authors – that directs federal authorities to regulate hot tubs.