Monday, July 6, 2009

Cap and Trade legislation

Just read something about the Cap and Trade legislation that lays out the specifics of the cost to taxpayers.
This comes directly from the written legislation, it is NOT conjecture. You need to read this, you really, really do.
link

Here is just a small part of what it says:

To compensate for higher energy prices brought about by the “cap-and-trade” system that the energy bill creates, the bill lays out an Energy Refund Program that will offer cash compensation for low-income households to mitigate their losses.
While virtually everyone’s energy bills will rise, the Energy Refund Program is essentially a welfare program that will only help households treading near the poverty line.

According to Section 431 of the Act, “The Secretary (of Health and Human Services) shall formulate and administer the program provided for in this section, which shall be known as the ‘Energy Refund Program’, and under which eligible low-income households are provided cash payments to reimburse the households for the estimated loss in their purchasing power resulting from the American Clean Energy and Security Act of 2009.

”Fifteen pages of the 1,201-page bill are dedicated to laying down complex formulas for who will receive this energy welfare, what they will receive and how they will qualify to receive it.

Section 431 specifies that households earning 150 per cent of the federal poverty level or receiving other forms of welfare such as Supplemental Nutrition Assistance -- formerly known as food stamps --Supplemental Security Income or Medicare are eligible for “energy refunds.

”For households that are not already on government welfare, a two-person household would have to earn $21,855 or less to meet the income threshold, while the income of a three-person household could not exceed $27,465, according to the 2009 federal poverty guidelines established by the U.S. Department of Health and Human Services.

Hey folks, I think we are about to be in deep, deep trouble. We will ALL be in poverty by the time the fools in Congress get through with us!

This nonsense most stop NOW!



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