Cap And Trade To Bankrupt American Families

This is just what we need in the middle of a recession, a $1761 tax per family tax increase.

And this estimate comes from the Obama Administration which has been notorious for underestimating the costs of its initiatives.

Of course, candidate Obama was briefly honest about this.

Obama's Energy Plan: Skyrocketing Electric Bills

You're not paying nearly enough to light and heat your home.

"Under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers."