Cap and Trade Tax will cost average family $3,900 poer year: MIT

MIT profession John Reilly estimated that the Cap and Trade proposal put forward by Henry Waxman(D-CA) will cost every American family $3,900 per year. Various liberal blogs and the typical promoters like Media matters are howling that these estimates are way too high. But the problem is that even if the number if $250 dollars per year, this is ridiculous legislation that will do nothing but hinder the ability of the United States to compete in global markets. There is no upside as it will also do nothing to improve the environment even if it is wildly successful.

Contact you Senator and House member now to defeat this horrible legislation:


Residents of New Jersey are represented in Congress by 2 Senators and 13 Representatives.

Member Name DC Phone DC FAX

Senator Frank Lautenberg (D- NJ) 202-224-3224 202-228-4054
Senator Robert Menendez (D- NJ) 202-224-4744 202-228-2197
Representative Robert E. Andrews (D - 01) 202-225-6501 202-225-6583
Representative Frank A. LoBiondo (R - 02) 202-225-6572 202-225-3318
Representative John Adler (D - 03) 202-225-4765 202-225-0778
Representative Chris H. Smith (R - 04) 202-225-3765 202-225-7768
Representative Scott Garrett (R - 05) 202-225-4465 202-225-9048
Representative Frank Pallone, Jr. (D - 06) 202-225-4671 202-225-9665
Representative Leonard Lance (R - 07) 202-225-5361 202-225-9460
Representative Bill Pascrell, Jr. (D - 08) 202-225-5751 202-225-5782
Representative Steve Rothman (D - 09) 202-225-5061 202-225-5851
Representative Donald M. Payne (D - 10) 202-225-3436 202-225-4160
Representative Rodney Frelinghuysen (R - 11) 202-225-5034 202-225-3186
Representative Rush Holt (D - 12) 202-225-5801 202-225-6025
Representative Albio Sires (D - 13) 202-225-7919 202-226-0792

Oh, and I bet no one will read this bill either.

Additional comment: Many will comment that they felt that Republicans misrepresented Reilly's 2007 study and even the author said it was off by a factor of 10 ($340). But the various explanations of why they interpreted his data different was a series of assumptions (these costs won't be passed on to consumers, it doesn't include effect of carbon offsets, it assumes that no money will find its way back to communities etc.). I can only comment to this in one way. Name one time the Federal government (or event the State government returned back to you more than you sent to them. For example, in NJ we used to have Property Tax Rebates. So you give the government 6,000 to 20,000 dollars in property taxes. And then they send you a check for $750. Interesting....off by a factor of 10.

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