ACTUAL READING of Cap and Tax Bill reveals massive hidden welfare redistribution scheme

Posted on July 6, 2009 by Donald Ferguson
Robbin' hoods in Congress

"Robbin' hoods" in Congress

WTP has learned that fifteen pages of the 1,201-page H.R. 2454 (“Cap and Tax”) concern the new “Energy Refund Program” — a redistributive welfare program based upon complex formulas regarding energy welfare eligibility.

According to Section 431 of the legislation, “The Secretary (of Health and Human Services) shall formulate and administer . . . the ‘Energy Refund Program’ . . . under which eligible low-income households are provided cash payments to reimburse the households for the estimated loss in their purchasing power resulting from the American Clean Energy and Security Act of 2009.”

In Congresspeak, “Loss of purchasing power” equals an admission of massive cost increases. The radical environmentalists and their cronies in Congress and the White House are doing the classic three-step: 1) Jack up the cost of everything (especially energy) for everyone; 2) Subsidize the hit to the welfare class and 3) Make others (primarily the middle class) pay for it all.

Section 431 provides that households earning 150 per cent of the federal poverty level or receiving other forms of welfare such as food stamps, Supplemental Security Income (which includes such “permanent disabilities” as crack addiction, alcoholism, and having a limp) or Medicare are eligible for “energy refunds.”

Translation: if you are already ON welfare, you are AUTOMATICALLY going to receive more public largesse. Eligible households will receive their “energy refunds” monthly through direct deposits, state electronic benefit transfer systems or other mechanisms approved by the Secretary of Health and Human Services.

For anyone else to qualify, a two-person household would have to earn $21,855 or less to meet the income threshold, while the income of a three-person household could not exceed $27,465, per 2009 federal poverty guidelines established by the U.S. Department of Health and Human Services.

We can expect more of such revelations as the details of this legislative monstrosity make themselves available to those actually inclined to READ the bill…

Billions of YOUR Tax Dollars Used as Congressional Bribes for Cap & Tax

Posted on July 1, 2009 by Donald Ferguson

The stories of Washington power broker pols using tax-funded bribes to hike taxes are oozing across the beltway…

From today’s Washington Times:

When House Democratic leaders were rounding up votes Friday for the massive climate-change bill, they paid special attention to their colleagues from Ohio who remained stubbornly undecided.

They finally secured the vote of one Ohioan, veteran Democratic Rep. Marcy Kaptur of Toledo, the old-fashioned way. They gave her what she wanted – a new federal power authority, similar to Washington state’s Bonneville Power Administration, stocked with up to $3.5 billion in taxpayer money available for lending to renewable energy and economic development projects in Ohio and other Midwestern states.

House Energy and Commerce Chairman Henry A. Waxman, California Democrat, included the Kaptur project in a 310-page amendment to the legislation unveiled at 3 a.m. Friday, just hours before the bill was to be debated on the House floor….(click here to read entire story)

Greenpeace Admits Cap and Tax Won’t Fix a Thing

Posted on by Donald Ferguson

From Bucksright.com: Mary Katharine Ham notes that Greenpeace, the ultra-left Global Warming hoax hysterics, have come out in opposition to the massive Cap and Tax energy bill expected to be voted on in the House of Representatives today.

Greenpeace thinks the mammoth 1,200 – 1,500 page bill, the latest law being shoved through Congress on the premise that the world will end and things will never be the same if we don’t do it right now, is too soft.

Hey, we’ll take opposition where we can find it.

“This legislation sends a strong and unmistakable signal to the world that the United States is not yet ready to show the leadership necessary to reach a strong agreement at Copenhagen in December.  Already, we are seeing the impact of this signal as one country after another retreats from the aggressive targets needed to avoid catastrophic climate change.

We call on the Congress to reject this bill and begin immediate and urgent work on legislation that treats seriously the dire threat of climate change.  We call on President Obama to move beyond rhetoric and deliver on his commitments to “restore science to its proper place” and to lead the world in addressing climate change…”

There is still time for constituents of Congressman who appear on the list of Cap and Trade undecideds and leaners to hit the phones and fax machines and stop this monstrosity.

“Cap-and-Traitors”: The Secret Behind a few Republican “YES” Votes

Posted on by Donald Ferguson

I just got off the phone with our our Congressional insider contacts who seem to be saying that the scuttlebutt on the Hill is that at the 8 Republican “Cap -and-Traitors” from New Jersey who voted for the bill did so as a political favor for the NY/NJ-centric commodity and stock traders (as in Cap and TRADE) who throw a lot of money around.

enroneOne angle not being covered in the mainstream press is that Cap and Tax relies upon the lethal combination that brought us the mortgage mess: Wall Street traders + government bureaucrats.

This fits, as one of the entities that helped develop the Cap and Tax trading scheme was ENRON, and the “carbon credits” that will be supposedly traded on the open market (after they are doled out by government bureaucrats, of course) will be bought and sold by investment banker types who hail from companies like Bear Sterns and Goldman Sachs, and…

…WAIT A MINUTE. The carbon credits that are at the heart of “Cap and Tax” are going to be handled by market traders connected with big Wall Street firms and investment bankers? Hmmm… if I could just get my hands on some carbon credits byu contributing to the right Congressman, maybe I could use them to pay my mortgage…

“Cap & Tax” Prime Sponsor Waxman admits he hasn’t read bill

Posted on by Donald Ferguson

Obama “Energy Czar” (EPA chief Browner) hasn’t read the 1000+-page bill, either (video clip here).

Honoring what seems to have become a vaunted tradition in Congress, H.R. 2454 or “Cap & Tax” was rammed through the House last week without enough time for even a cursory reading, and passed by a narrow margin of 7 votes (219-212). 50 Democrats defected, though the majority of these votes were likely a pre-planned incumbency-protection maneuver with the tacit blessing of Nancy Pelosi, rather than an honest decision of conscience.

We’ll outline who the 50 were and their possible motivations in a  separate post; likewise with the 8 Republican “Cap and Traitors” who gave the vote its winning margin. For now, enjoy this clip of Waxman, who like his 218 colleagues who voted “YES”, hasn’t read the bill.

White Papers Show Massive Cost of Waxman-Markey Cap & Trade

Posted on May 18, 2009 by Donald Ferguson

This post is simply a collection of white papers on Cap & Trade in one convenient place:

Senate Testimony of Ben Lieberman on Devastating Cost of Cap & Trade (Heritage/SPPI)

Negligible Climate Effect of the American Clean Energy and Security Act of 2009 (SPPI)

Economic Effect of Waxman-Markey on States, by Congressional District (Heritage)

Analysis of Lieberman-Warner Cap & Trade (pretty technical but good information) (Nat’l Assn. of Manufacturers)

The High Cost of Cap and Trade: Why the EPA and CBO are Wrong (Heritage)

ACCF Cap&Trade Cost State-by-State (American Council of Capital Formation)

Cap and Trade: Eight reasons why cap and trade harms the economy and reduces jobs (Inst. for Energy Research)