Cap and Trade Will Cost Americans

Cap and Trade and Obama's "Direct Deposit" into Few Bank Accounts from Your Bank Account

HR2454, referred to as the "Cap and Trade bill" by Democrats and Obama administration, but referred to as "Cap and Tax bill" or the "Carbon Tax bill" by Republicans and millions of Americans, got passed by the House of Representatives last Friday, by a razor thin margin, with 219 voting for the bill, 212 voting against it.

Obama is pushing for this bill to be passed by the Senate. It is questionable whether the Obama can get this bill successfully passed by the Senate, given that 95% of the Republicans will stand united against this single biggest (hidden and indirect) tax increase our country has even seen, and given that a few Democratic senators from agriculturalist / industrialist states may be forced to vote against the bill.

If Obama administration does succeed in its attempt to pass the bill through the Senate, every American household will be see its energy costs rise by over $22,800 from 2012-2035, as evident in an extensive research conducted by "The Heritage Foundation". "The Heritage Foundation" research revealed that our Gross Domestic Product (GDP) will be hit with a loss of $9.6 trillion dollars, destroying 2.5 million jobs, raising electric rates by 90%, raising gasoline prices by 74%, and raising natural gas prices by 55%, after adjusting for inflation.

The research concluded that a typical family will be paying $1,500 per year extra in utility costs, if the administration does succeed in its attempt to pass this bill, commonly referred to using one of the following names: "Climate Change" / "Cap and Trade" / "Cap and Tax" / "Carbon Tax" / HR 2454 bill. All middle class American families will be hit hard, if Obama administration does succeed in turning this bill into law. The hidden costs are not visible to the people of America, and the media, which is mostly in tank for Obama, is doing a bad job of giving out the facts, and explaining the impact to the common people.