Posts Tagged ‘cap and trade’

Tim Huelskamp: ‘No Cap-and-Trade in Kansas’

Wednesday, May 27th, 2009

From Kansas Senator Tim Huelskamp:

Fowler, KS – Senator Tim Huelskamp is applauding the passage of legislation authorizing a new coal plant in Western Kansas with no carbon tax mandate.  “I am excited we were able to get this bill passed,” said Huelskamp. (more…)

Club for Growth: Cap and Trade is a Monster

Tuesday, April 14th, 2009

The Club for Growth provides this graph from Heritage:

Global warming ‘cap and trade’ to cost $1,145 per family!

Sunday, March 29th, 2009

Ben Cunningham:

New Tax Foundation Study on Cap and Trade Tax

Their study indicates “cap and trade” would amount to a per household tax of $1,145.

Many U.S. lawmakers view cap and trade as a politically superior non-tax approach to climate policy. However, cap and trade imposes identical economic burdens on households to a similarly designed carbon tax. Using the newly-released 2002 input-output accounts we present new estimates of the distributional impact of a typical cap-and-trade system by income, age, U.S. region and family type. In total, households would face an annual burden of roughly $144.8 billion per year with costs disproportionately borne by low-income households, those under age 25 and over 75 years, those in Southern states, and single parents with dependent children. Using RIMS II multipliers we estimate the broader economic impact of cap and trade. Depending on how the system is structured, cap and trade could reduce U.S. employment by 965,000 jobs, household earnings by $37.8 billion, and economic output by $136 billion per year or roughly $1,145 per household. Lawmakers weighing the costs and benefits of climate policy should be aware that cap and trade would impose a significant and regressive annual burden on U.S. households, and would not represent a “tax free” way to reduce greenhouse gas emissions.

Legislative update from Senator Mary Pilcher Cook

Thursday, March 19th, 2009

From State Senator Mary Pilcher Cook:

There is so much legislation that happens in the course of one week, it is difficult to keep you informed.  I’ll touch on a few things here, but please don’t hesitate to go to my website on the Legislative Reports page and look at the latest summaries.

Both the House and Senate have now passed a comprehensive energy plan in the Senate Substitute for HB 2014 bill.  The House passed the energy measure first, then the Senate added some amendments to the bill, so the legislation is now on its way back to the House.  The House has the option to concur with the Senate amendments, or ask for a conference committee to negotiate some finer points about the legislation.  The conference committee would be composed of three House members and three Senate members.

What does it contain?  Lots of good things.

What’s even better is what it doesn’t contain.  There are no taxes or cap and trade regulations which would vastly increase the cost of doing business in our state. (more…)