Cap and Clobbered: Midwest Will Be Hit Hardest By Cap & Trade



Here is my latest column at American Issues Project:

Cap and Clobbered: Midwest Will Be Hit Hardest By Cap & Trade

Democrats know their cap and trade energy legislation will cripple the US economy. Barack Obama admitted it on the campaign trail in 2008 saying the program “would cause energy prices to skyrocket.” Obama also promised this audience of supporters that cap and trade would bankrupt the coal industry. White House Budget Director Peter Orszag told George Stephanopoulos in a March interview that Obama’s proposed cap and trade energy legislation would increase energy costs for everyone. Democratic Congressman John Dingell (D-MI) summed up cap and trade at a Congressional hearing on April 24th saying, “It’s a Great Big Tax.”

Cap and trade policies will likely cost American families $700 to $1,400 dollars per family per year. The Department of Energy estimated GDP losses would be between $444 billion and $1.308 trillion over the 21-year period. Cap and trade also could cost the US 4 million jobs. But, those living in America’s Heartland will likely be hurt the most from the democrat’s cap and trade legislation. In Missouri and the Midwest where energy is “cheap” cap and trade will likely cause electricity rates to double. The New York Times reported on how the cap and trade program will likely affect Missourians earlier this year…

You can read the rest here. There is also a list of my recent columns on this page.

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

You can email Jim Hoft here, and read more of Jim Hoft's articles here.

 

Thanks for sharing!