M4GW

What is cap and trade? In this case, the federal government would impose arbitrary limits on six emission gases, with the primary emphasis on carbon dioxide. In order to cap these emissions, the government would sell permits to power plants, refineries, and natural gas producers, which will be passed along in the form of increased energy costs to consumers (much like an energy tax). It will lead to large transfers of income from people in Minnesota to special interests in Washington.

How much will it cost you? When S. 2191 is fully implemented in Minnesota, the average household would see energy costs rise by $823 more per year in 2025 because of this legislation. The increase in the average electric bill would be at least 80% more than under current law, and the average natural gas bill increase would be at least 37% over current projections if S. 2191 becomes law.

Moreover, according to the Heritage analysis, the trade-off for the damage this Tax and Trade bill would do to the economy is "...very little change in global temperature...perhaps even smaller than the .07 of a degree Celsius drop in temperature that many scientisits expected from worldwide compliance with the Kyoto climate change accords."