Requires: (1) the Administrator to implement the Energy Refund Program to give low-income households a monthly cash energy refund equal to the estimated loss in purchasing power resulting from this Act;
Now, think about the underlying premise of this act. Think carefully about how you would answer the following questions:
1. Why create a refund program to poor people unless you EXPECT that they will be hurt financially by the act?
2. If you’re not poor, who will pay for your extra costs?
3. If you’re not poor and you create jobs, and no one will pay for your extra costs, will you be willing to create new jobs?
4. If you’re not poor and no one will provide you a refund, will you RAISE your prices (if you sell stuff), and if you do, won’t poor people getting a refund be made poorer EVEN AFTER the refund, since government can’t move fast enough to increase refunds as fast as inflation will increase?
5. If you’re not poor and you don’t get a refund from anyone, and you don’t sell stuff so you have no prices to increase, will you not be made poor?
6. If you are made poor, won’t you qualify for a refund? Therefore, won’t there be more poor people after the Act is passed, resulting in the need for more refunds than were originally planned?
7. If people who aren’t poor are made to be poor, thus increasing the number of people who will get a refund, who will we be left to raise taxes on to pay the refunds to the “old poor” and the “new poor” who will be created, as required under the Act?
8. How can we put an end to all these questions that are hurting my head just thinking about the (UNINTENDED ?) CONSEQUENCES of passing a law we know is going to be VERY expensive?
Answer: CALL YOUR CONGRESSMAN and ASK HIM/HER!
Need more information? Watch what Obama said about his own Cap and Trade proposal from this Fox News Report
