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EPA Previews Carbon Caps' Impact
Wall Street Journal ^ | April 22, 2009 | Stephen Power

Posted on 04/22/2009 7:07:28 AM PDT by reaganaut1

WASHINGTON -- A proposal in Congress to cut U.S. greenhouse-gas emissions by putting a price on carbon could raise prices for electricity by 22% and natural gas by 17% in 2030, according to a study by the Environmental Protection Agency.

But the impact on consumers would be modest, provided the government returns the bulk of the money raised by a carbon cap-and-trade system to households, the analysis showed.

If that happens, the analysis showed the average American household would pay an extra $98 to $140 a year -- 27 cents to 38 cents a day -- to cut greenhouse-gas emissions as proposed by the bill, which the House will begin debating in earnest Wednesday.

The EPA published the analysis on its Web site Tuesday, just as House Energy and Commerce Committee Chairman Henry Waxman (D., Calif.) and Rep. Edward Markey (D., Mass.) were opening the first of four days of hearings on their measure, which calls for cutting U.S. emissions 20% below 2005 levels by 2020 and roughly 80% by 2050.

The EPA analysis represents the first published examination by any government agency of the Waxman-Markey bill.

The EPA analysis cautions that there are "a range of uncertainties" surrounding the Waxman-Markey measure that "could significantly affect the results."

In a sign of the difficulties that Democrats could face in passing climate legislation, a senior member of Mr. Waxman's panel, Rep. Rick Boucher (D., Va.,) said in an interview Tuesday that the chairman's proposal to cut emissions 20% by 2020 is "a stretch" and "absolutely could not be achieved," unless it was amended to give companies more credit for so-called offset projects that aim to cut emissions through undertakings like preventing deforestation.

(Excerpt) Read more at online.wsj.com ...


TOPICS: Culture/Society; Front Page News; Government; News/Current Events
KEYWORDS: capandtrade; capntrade; co2; energy; epa; globalwarming; waxmanmarkey
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The report is here . I know not to trust Obama's EPA but await refutations from Freepers and other conservative outlets.
1 posted on 04/22/2009 7:07:28 AM PDT by reaganaut1
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To: reaganaut1

The liberals’ obsession with the “global warming” myth is getting scary and downright dangerous.

They want us all to pay thousands of extra dollars for hybrid cars, they want to shut down coal power plants, and raise our energy costs to the sky. I don’t trust those energy increase “figures” by the EPA, one bit. I think they will be MUCH higher than they are projecting.


2 posted on 04/22/2009 7:12:19 AM PDT by wk4bush2004 (PALIN-BACHMANN, 2012......."GIVE ESTROGEN A CHANCE!!!!")
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To: reaganaut1
Typical liberal math. They see the price of energy going up 20 percent and will return 90 percent of that back to lower-income households to offset most of the increase. Viola, no major impact.

Until the person goes to the store and pays 20 percent more (at least) for everything they need.

3 posted on 04/22/2009 7:13:54 AM PDT by dirtboy
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To: reaganaut1
With the assumption that the bulk of the allowance value is returned to households, the cost of this policy for U.S. households over the next 40 years is relatively modest, and average household consumption will continue to rise at a rate that is imperceptibly lower than in the absence of the bill. This is a key assumption, but the allocation of allowances and use of allowance value are not currently specified in the draft bill.

So IF the money was returned to the households, even though that is not specified...

And IF you only count the cost of direct energy expenses and not the cost of all products rising in cost due to energy...

the average American household might only pay an extra $98 to $140 a year or more...

4 posted on 04/22/2009 7:14:51 AM PDT by thackney (life is fragile, handle with prayer)
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To: reaganaut1

“the impact on consumers would be modest, provided the government returns the bulk of the money raised by a carbon cap-and-trade system to households”

FAT CHANCE o’ that happening.

So - let’s get real. What’s the cost and impact if the government KEEPS THE MONEY to spend on social programs...


5 posted on 04/22/2009 7:15:31 AM PDT by silverleaf (We live in interesting times: now the entire IRS works for a tax evader)
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To: reaganaut1
Let's see now

...Obama tax cuts for the middle class = $8.00/month => $96.00/year

...Obama Carbon Tax = $98.00-147.00/year...

HMMM. I guess what Lord Obama giveth, Lord Obama taketh away..

What a tool!
6 posted on 04/22/2009 7:15:34 AM PDT by Sudetenland (Congress has too many politicians and Leftistlators and not enough Constitutionalists.)
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To: reaganaut1

And we all know how thrilled Big Brother is at the prospect of returning tax dollars to those from whom they are actually confiscated!


7 posted on 04/22/2009 7:15:40 AM PDT by Oldpuppymax (AGENDA OF THE LEFT EXPOSED)
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To: reaganaut1

“The EPA analysis cautions that there are “a range of uncertainties” surrounding the Waxman-Markey measure that “could significantly affect the results.”

It’s unfortunate these people don’t apply the same sort of above skepticism in regards to the so-called “science” behind Global Warming...


8 posted on 04/22/2009 7:20:09 AM PDT by NMEwithin
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To: reaganaut1

“But the impact on consumers would be modest, provided the government returns the bulk of the money raised by a carbon cap-and-trade system to households, the analysis showed.”

Global Warming = Marxist wealth confiscation and redistribution.

Here it is in black and white without a tinge of green.


9 posted on 04/22/2009 7:20:21 AM PDT by DBrow
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To: reaganaut1

All this “carbon caps” and stuff like that is based on false science...

That’s why everyone needs to distribute this documentary to everyone they know... :-)


It’s one thing to gripe and complain about these things and disagree with it, but it’s quite *another* to convince your friends and neighbors and relatives and coworkers...

THEREFORE..., it’s also absolutely necessary for people to know the information in the following documentary. If there were simply *one* video that you could see and/or show people you know... this would be the *one*...


The following is an *excellent* video documentary on the so-called “Global Warming” I would recommend it to all FReepers. It’s a very well-made documentary.

“The Great Global Warming Swindle”

If you want to download it, via a BitTorrent site (using a BitTorrent client), you can get it at the following link.
http://thepiratebay.org/torrent/3635222/The_Great_Global_Warming_Swindle
[this is a high-quality copy, of about a gigabyte in size...]

It’s worth seeing and having for relatives, friends, neighbors and coworkers to see.

Also, see it online here...
http://www.moviesfoundonline.com/great_global_warming_swindle.php
[this one is considerably lower quality, is a flash video and viewable online, of course...]

Buy it here...
http://www.amazon.com/dp/B000WLUXZE
[this one would be the very highest quality version, on a DVD disk, of several gigabytes in size...]


10 posted on 04/22/2009 7:21:03 AM PDT by Star Traveler
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To: reaganaut1
If that happens, the analysis showed the average American household would pay an extra $98 to $140 a year -- 27 cents to 38 cents a day -- to cut greenhouse-gas emissions as proposed by the bill, which the House will begin debating in earnest Wednesday.

$98-$140 a year my ass. More like "a week". The last numbers that I read would impose a $95 per ton tax on coal which currently costs $10 per ton delivered to the power plant.

That's a 950% increase in the cost of electricity alone. These numbers are bullshit, just like the whole myth of man-made global warming.

11 posted on 04/22/2009 7:22:35 AM PDT by Yankee
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To: Yankee
Non-Believer...STone him, Stone him!

Surely you aren't doubting the word of "The One," are you?
12 posted on 04/22/2009 7:26:28 AM PDT by Sudetenland (Congress has too many politicians and Leftistlators and not enough Constitutionalists.)
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To: Sudetenland

A stoning...a stoning....a stoning!!!

Are there any women here?

(High voices) No...No...No...(faked deep voices) NO...NO...NO!!!


13 posted on 04/22/2009 7:32:22 AM PDT by Yankee
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To: reaganaut1
They are only putting the carbon tax on nat gas and elec plants?

I doubt that. Better add in an extra 20-30 % to all the heat bills in northern states. Add that same % to everything else you buy to cover the shipping costs.

Does the Kenyon Commie really think most people have an extra 20%-30% left in their paycheck that he can steal and give to Owl Gore?

Any rebates on this massive tax will go 100% to welfare leeches to buy votes.

14 posted on 04/22/2009 7:32:44 AM PDT by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: thackney
So IF the money was returned to the households, even though that is not specified...

If they are going to return the money to households, why take it in the first place?

15 posted on 04/22/2009 7:32:55 AM PDT by Go Gordon
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To: Go Gordon

Because they won’t return it all, or to everyone.

But you knew that...


16 posted on 04/22/2009 7:33:54 AM PDT by thackney (life is fragile, handle with prayer)
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To: dirtboy

If that happens, the analysis showed the average American household would pay an extra $98 to $140

BS. This money will never be returned as it winds it way through the bureaucracy.


17 posted on 04/22/2009 7:34:20 AM PDT by fooman (Get real with Kim Jung Mentally Ill about proliferation)
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To: Yankee

Great movie! “Always look on the bright side of life...”


18 posted on 04/22/2009 7:34:59 AM PDT by Sudetenland (Congress has too many politicians and Leftistlators and not enough Constitutionalists.)
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To: reaganaut1
"But the impact on consumers would be modest, provided the government returns the bulk of the money raised by a carbon cap-and-trade system to households, the analysis showed.

BWHAAAAAAAAA!!!

Oh, geshhhhh. {shaking head}

19 posted on 04/22/2009 7:35:19 AM PDT by Landru (Arghh, Liberals are trapped in my colon like spackle or paste.)
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To: Go Gordon

It’s part of the wealth transfer plan.
Upper income households won’t get any back.
Helping cement a permanent liberal voting majority.


20 posted on 04/22/2009 7:35:57 AM PDT by nascarnation
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