Household Calculator Reveals Cost of Cap and Trade

Thursday, 15 Jul 2010 10:36 AM

By Grover Norquist

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From the ATR website.

The Institute for Energy Research has created a calculator that will allow households to see how much the American Power Act is going to cost them.

The Burden Calculator allows people to input their financial figures into pre-set categories and then compute the dollar amount of income lost from Kerry-Lieberman’s tax hikes.

The calculator was established in response to the Kerry-Lieberman proposal known as the American Power Act (APA).

Currently, Senate Majority Leader Harry Reid, D-Nev., is trying to push the APA onto the Senate floor before recess.

The Burden Calculator is a terrific tool for anyone looking to discover the truth behind the Democrat’s proposal.

For example, if your household makes $5,000 a month and you spend $4,000 on everyday expenses, the Burden Calculator predicts that you will forfeit over $1,000 annually if the American Power Act is passed.

Furthermore, IER research shows that cap-and-trade legislation would cause the loss of over 500,000 jobs by 2015 and more than 5.1 million by 2050.

With a struggling economy and incompetent politicians in control, America cannot afford higher taxes and fewer jobs.

IER’s Burden Calculator allows Americans to put a numerical value on how devastating this proposal really is.

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