Energy Tax

Congress has returned from its Easter Recess and will begin to debate the final version of the Federal budget. Included in that debate is a proposal by President Obama to implement a so-called “cap and trade” plan to impose fees on producing carbon dioxide and raise revenue for the government.

This is simply a tax on everyone who uses energy. Every time you turn on a light switch and every time you buy a product that used energy to produce it, you will be paying this tax. It is estimated it will cost the average family $1960 per year. Do you have an extra $1960 laying around?

Unfortunately, even if Congress doesn’t pass it into law, the EPA may soon begin to do it by regulatory authority.

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