Why Are We Thankful This Year? Cap-And-Trade Hasn't Passed!

Townhall Staff | November 25, 2009 1:11 PM

Todd Hollenbeck at Americans for Tax Reform gives us ten reasons we should be thankful cap-and-trade hasn't passed.

1. We don’t have to pay over $100 billion in additional taxes.
2. We don’t have to pay an additional $3.6 trillion in gas taxes.
3.We won’t lose 1.1 million jobs between 2012 and 2030 and 2.5 million each year after that.
4. We haven’t made new industries that are dependent on government handouts for their survival.
5. We don’t have a new bureaucracy in place to allocate and sell carbon credits that will increase corruption and favoritism in Washington, DC.
6. Our energy costs will not go up by $1500 per year for a family of four.
7. We won’t have our national debt increase by 26 percent by 2030. An increase of $116,600 for a family of four.
8. We won’t have protectionist tariffs to create trade wars and cause increased prices and shortages on the goods we need.
9. We won’t have a reduction in GDP of $9.4 trillion between 2012 and 2030.
10. We won’t have a 58% increase in gas prices.