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Stop the biggest moneymaker since the income tax!

Our current focus is on President Obama’s push for health care reform and the tax increases small business owners and others will likely be paying for it. Unfortunately, our attention is also conveniently being drawn away from another tax increase that could be the largest since the income tax. It’s the “American Clean Energy and Security Act of 2009” (H.R. 2454), also known as the Waxman-Markey climate change bill or the ominous “cap and trade” bill.

 Simply, this “cap and trade” bill is supposed to reduce greenhouse gas emissions and global warming by forcing energy companies to buy pollution permits before releasing carbon dioxide into the atmosphere. The President and the Congressional Democrats love “cap and trade” because they can claim to be taxing “polluters,” not American families. But who do they think they’re kidding?  Once a mandate comes down forcing businesses to buy credits to release carbon dioxide, the costs will inevitably be passed on to all consumers in the form of higher prices.

 “Under my plan of a cap and trade system, electricity rates would necessarily skyrocket,” Obama admitted during his presidential campaign. He knows it will produce vast new revenues while ignoring the fact that it will hit most of the nation’s working families . . . you know, the ones on which he pledged not to raise taxes. Oh, you didn’t read the fine print? — no-new-taxes “unless you use energy!”

Not only is “cap and trade” an economy-wide tax under the cover of saving the environment, it’s incredibly inequitable geographically, negatively impacting the parts of the U.S. that rely most on fossil fuels — particularly coal, which generates most power in the Midwest, Southern and Plains states. Actually, coal provides more than half of the electricity in this country. Some 25 states get more than 50 percent of their electricity from conventional coal-fired generation.

According to the Energy Information Administration, West Virginia gets 98 percent, Wyoming 95 percent, Indiana 94 percent, Ohio 86 percent, Missouri 85 percent, New Mexico, 80 percent and Pennsylvania, 56 percent. Talk about soaking some ratepayers!

It’s ironic that just yesterday, Secretary of State Hillary Clinton told India to get on board by reducing their carbon emissions. And, the foreign minister of India promptly responded with a “forget it!” I think that’s equally good advice for Congress these days, too. Even with a healthy Democratic majority in the U.S. House, this bad bill barely passed recently by a narrow 219 to 212. Yes, many Democrats split with Obama, seeing this bill for the economic disaster it is.

 So, the “cap and trade” battle is now in the Senate where seeing it die should be our goal. Why? It’s not directly related to boating. But, as businessmen, we need to move to “enough is enough!” If we hope to see an economic recovery begin in the near term and be sustained in the long term, it’s become imperative that we start making our voices heard as never before by contacting senators and telling them that increasing taxes, coupled with enormously increased debt, will be tantamount to tying an anchor around this nation’s neck and throwing economic recovery into the sea. It must stop now and dumping “cap and trade” would be a good start!

To escape and enjoy today’s “Discover Boating” video, go to: www.youtube.com/watch?v=_4qcnT9IB3Q?

Comments

10 comments on “Stop the biggest moneymaker since the income tax!

  1. Jim M.

    Really, you should state your case but leave your partisan politics out of it. Instead of being the party of no, why don’t one of you offer an alternative instead of just being obstructionists or not even admitting a problem exists.

  2. Jim

    And people like you Jim M. blindly believe what you are fed by the left. There truly is no proof other than Al Gore’s media blitz that there is such a thing as global warming. By the way—this is the coolest July in history–blame global warming right?–Or should we find some failed politician who also thinks he started the internet and that Love Story was written about him to start a blitz about global cooling? Brrrrrrrrrrrrrrrrrrrrrrrrr.

  3. Ed R.

    If you are opposed to policies that can do grave damage to your industry, does that really make you an obstructionists? The “party of no” and Clinton’s “make rich people pay their fair share of taxes” is nothing but political slogans and have no bases in fact. There are many Republicans and Independents that want to clean up our water and air but not by killing jobs. Doesn’t using “the party of no” in your comments make you partisan Jim M.? The marine industry is in serious trouble and more taxes will only make it worse. I have a suggestion to Jim M. Get President Obama to slowdown and consult with industry and industry leaders to make meaningful decisions. His experience as a community organizer may not have been enough to run a country without help.

  4. Komrade Carl

    Jim, Jim, Jim: your green weinie Lib Dems don’t need the so called “party of No” as you identify it. YOU HAVE THE MAJORITY in all branches of the government You can pass anything you do not need one Republican vote!! It’s your Elected Dems with a brain that you’re having a problem with that are obstructing you, not us folks that know you for what you are: communist kooks .
    I’m Sorry that my political side came out.
    I’m going boating now & burn up carbon based fuel at a high rate of speed but then I will come home, fertilize a tree w/ natural chemicals from Dow & Dupont then watch the discovery channel Ice Road truckers where they endanger themselves driving on Ice roads to get more pipe to the arctic to get me more fuel so I can go boating on Thursday, Friday, & the weekend with no guilt……. Freedom’s just another word for Boating Jim!

  5. arch

    JIM is right. I don’t agree at all with JIM M’s apparent political ideology, but he is right that “OUR PARTY” has been a party of NO and hasn’t been real good at offering solutions. If our party would have fixed some of these problems (energy, healthcare, etc) rather than ignoring them, we wouldn’t be having them force fed to us right now. Worse yet, the Dems are leveling the building rather than fixing the leaky roof. And we can’t afford it.
    Of course, we have been pushing for nuclear reactors for decades the the dems have blocked us all the way. But we haven’t been on the ball when it comes to coal plants or alternative energy sources. And we definitely haven’t fixed healthcare even though it’s needed reform for decades.

    It’s a terrible situation, but in all fairness, the GOP brought much of it on themselves. And now, all I have to say is this…..
    ELECTIONS HAVE CONSEQUENCES! Looking fwd to midterm 2010.

  6. LARRY RODRIGUEZ

    IF YOU READ THE DETAILS OF THE BILL AND WHAT THE OUTCOME WILL BE, YOU’LL FIND IT TO BE NO MORE THAN THE CREATION OF A NEW “STOCK” OR A COMMODITY WHICH CAN BE SOLD OR TRADED, AND WHICH WILL RAISE IN VALUE TO THOSE POLLUTING. LIKE THE ENERGY CREDITS, THEY WILL BE BOUGHT, TRADED & SOLD TO THE HIGHEST BIDDERS, SO THEY CAN GET AWAY WITH CONTINUING THE STATUS QUO, OR WHAT THEY DO. AND WHAT DO THEY CARE?, FOR THE COST WILL BE ADDED TO “THE USUAL COST OF DOING BUSINESS” IN THE FORM OF RAISED PRICES, WHICH WILL EVENTUALLY HIT US ALL AS WE ARE THE CONSUMERS, AND THIS IS IN EVERY LEVEL! LIKE IT HAPPENS WITH THE COST OF RESIN, WHEN IT GOES UP, SO DOES THE FINISHED PRODUCT, AND SO ON.
    IF WE WANT TO REALLY DO SOMETHING POSITIVE, THOSE INDUSTRIES WHICH WE KNOW POLLUTE, SHOULD BE PENALIZED WITH SOME SORT OF TAX OR INCREASE, BUT BE FORBIDDEN TO PASS IT ON. YES THIS WILL RESTRICT & IMPACT THEIR PROFITS AS WELL, AND PERHAPS HAVE NEGATIVE CONSEQUENCES FOR A FEW, BUT IT MAY ALSO BE THE CATALYST NEEDED FOR THEM TO GET MOTIVATED TO “CLEAN UP THEIR ACTS”, OR INVEST MORE IN “NEW” TECHNOLOGY.
    THERE ARE NO EASY ANSWERS, ONLY COSTLY ONES. FIGURE THIS PERHAPS THOSE BUILDINGS ON OUR CITIES WHICH KEEP THEIR LIGHTS ON MOST OF THE NIGHT, EVEN WHEN OCCUPANCY IS NEAR ZERO, IF THEY WERE HIT WITH A SUBSTANTIAL PENALTY, OR TAX THEY WOULD BE MORE INCLINED TO MAKE POSITIVE CHANGES TO INVEST IN MONITOR SYSTEMS THAT TURN LIGHTS OFF THAT ARE NOT NEEDED. THIS MAY BE SMALL TO SOME, BUT ADD EVERY CITY BIG & SMALL THAT IGNORES THIS SEEMINGLY SMALL ISSUE, AND HOW MUCH CAN BE SAVED! THERE ARE THOUSANDS OF THINGS WE ARE DOING WRONG NOW, BUT EVERYBODY KEEPS WAITING FOR SOMEBODY ELSE TO PAY THE PRICE, OR EXPERIENCE THE PAIN. FOR HOW LONG CAN WE KEEP STICKING OUR HEADS IN THE SAND? WORSE YET, HOW LONG DO WE LET THE POLITICIANS & THE PUBLIC BE MISLED WITH MISINFORMATION REGARDING THE PROBLEMS & SOLUTIONS?
    I STILL SEE SMALL BOATS RIGGED WITH THREE & FOUR 350HP OUTBOARD ENGINES IN SHOW ROOMS, AND WONDER ABOUT THE POLITICIANS & PUBLIC’S PERCEPTION OF THE MARINE INDUSTRY!

  7. Al

    Sorry, I am with Jim M on this one. We need to do something to clean up our act and many industries have shown that they won’t do it on their own. The Republicans have unfortunately become the party of no and the party of doom and gloom. You name the issue and that’s were they are – cap and trade, health care, budget balancing, etc. I haven’t heard any viable solutions or fresh ideas from them for several years. Let’s move forward with Cap and Trade. The scientific community has many promising technologies in development that will enable us to enjoy our recreational pursuits without beating up the environment too badly.

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