Michael Reagan

Those wonderful folks in Congress who say the world is about to be roasted on the global warming spit have some great ideas on how to stop Mother Nature from barbecuing us and they even have plans on how to pay for the weapons against climate change.

They’ll make you pay for it while they get rich.

Forget the fact that the whole man-made global warming theory is a gigantic scam with not a shred of genuine scientific evidence to prove it. Instead, follow the money trail to get an idea of what it’s all about. And what it’s all about is money – the big bucks the disciples of Al Gore will rake in, and the big bucks you’ll have to pay to finance this incredible con game.

Democrat Rep. John Dingell of Michigan, chairman of the House Energy and Commerce Committee, let the cat out of the bag the other day when he told the American people: "I'm trying to have everybody understand that this is going to cost and that it's going to have a measure of pain that you're not going to like."

Dingell’s bottom line: "This is going to cause pain."

Among his proposals according to the Associated Press (AP):

A 50-cent-a-gallon tax on gasoline and jet fuel -- phased in over five years -- on top of existing taxes.

A tax on carbon, at $50 a ton, released from burning coal, petroleum or natural gas. The AP notes that a carbon tax would boost the cost of everything from the cost of electricity to winter heating and gasoline and other motor fuels. Economists say a cap on carbon also would raise these costs as burning fossil fuels becomes more expensive

Phase-out of the interest tax deduction on home mortgages for homes over 3,000 square feet. Owners would keep most of the deduction for homes at the lower end of the scale, but it would be eliminated entirely for homes of 4,200 feet or more.

He estimates that would affect 10 percent of homeowners. He says "it's only fair" to tax those who dare to buy large suburban houses and create urban sprawl. People, I might add, such as Al Gore and John Edwards who occupy palatial mansions amongst leafy glades.

Why such punitive measures? As Walter Williams wrote in Wednesday’s Investor’s Business Daily Thursday: “Despite increasing evidence that man-made CO2 is not a significant greenhouse gas and contributor to climate change, politicians and others who wish to control our lives must maintain that it is.”

The reason? There’s great gobs of money to be made from the sale of the climate change snake-oil remedies.


Michael Reagan

Michael Reagan, the eldest son of Ronald Reagan, is heard daily by over 5 million listeners via his nationally syndicated talk radio program, “The Michael Reagan Show.”