Cap & Trade Will Cost $1761 per Household if Passed

Last spring, the House passed a Cap and Trade bill, which will increase the cost of energy for all of us. This is the intent - they want to force us to reduce consumption by making it very expensive (President Obama and other Democrats have said this explicitly). The bill is currently stalled in the Senate, but there is talk of reviving it.

According to the Obama Administration, the cost to every family would be around $1760 per year...the equivalent of hiking taxes 15%. Read the whole article.

If you read to the very end, you will see a response from the Environmental Defense Fund, which basically says not to worry, because the government will spend all this revenue so it will really benefit you in the end!! Keep an eye on Cap and Trade in case they try to revive it.