Family Security Matters » Publications » Exclusive: The Pending Tax Nightmare of ‘Cap and Trade’

Family Security Matters » Publications » Exclusive: The Pending Tax Nightmare of ‘Cap and Trade’: "Our Congress is pending receipt of legislation that will produce the most egregious and regressive tax ever levied on the American people and our economy. This is coming at a time when no one can afford the escalation of all energy prices such a tax will produce in every area of the American economy, from top to bottom, front to back.

The proposed structure of this tax would be to impose a consumption tax of 45 percent on all carbon based energy uses, from buses and trucks, to autos, to energy production. According to Congressional Watch, the price of every vehicle manufactured to the new emissions standard would be upped by $1,300 per vehicle, the price of gasoline would jump by 76 percent, and the price of electricity would jump by 95 percent."