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Thursday, February 26, 2009

"Cap and Trade" Is Not The Way

I've just sent this email to my Congresspersons, though I expect a cap and trade scheme to be voted on soon. No government could resist that kind of a power grab.

Maybe I'm just a pessimist, though they haven't given me much reason not to be.

Please oppose all cap and trade proposals. Sen. Bob Corker brought up a much better solution in the Senate committee hearings: that Congress should impose a tax on all fossil fuels, and reimburse the earnings by cutting payroll taxes. This idea makes much more sense then adding new government regulations, especially since the cap and trade law in Europe, the Emissions Trading Scheme, has proven to have little to no effect in reducing European CO2 output, and ended up being abused by many companies to make windfall profits by selling carbon credits they didn't need in the first place.

A cap and trade scheme is not the solution to promoting green energy. Please do not support it. Instead, I urge you to please get behind Sen. Bob Corker's idea- the decreased payroll taxes would really benefit everyone in this recession.

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