Global Warming Alarmists – or Extremists?
December 10, 2009
Weatherford Democrat
State Representative Phil King
The global warming debate continues. The Copenhagen Global Warming Summit is being held this week in Denmark and while world-renowned scientists still disagree on the effects, liberal extremists in Washington are working harder than ever to advance their own political agendas in its name.
Capitol Hill Democrats are now touting the federal “Cap and Tax” legislation as the newest solution to global warming. When you boil it down, “cap and tax” simply amounts to a federal energy tax. Since Texas produces and consumes more energy than any other state, our economy will be hit the hardest. As Texans, we need to remain vigilant to ensure that this legislation does not pass.
A June 26, 2009 opinion editorial in the Wall Street Journal titled, “The Cap and Tax Fiction,” explains: “As the cap is tightened (in future years) … the price of permits will skyrocket … and the costs of buying these expensive permits will be passed to consumers … The whole point of “cap and tax” is to hike the price of electricity and gas so that Americans will use less. These higher prices will show up not just in electricity bills or at the gas station, but in every manufactured good, from food to cars. Consumers will cut back on spending, which in turn will cut back on production, which results in fewer jobs created or higher unemployment. Some companies will instead move their operations overseas, with the same result.”