An Information Resource on Cap and Trade

The Heritage Foundation has a webpage where one can access information related to the very costly Cap and Trade legislation enacted at the behest of environmental extremists.

In an article titled Cap and Trade Sold under False Pretenses authors Nicolas Loris and Ben Lieberman write:

The goal of cap and trade is to drive up the costs of energy in order for people to use less of it. Because just about every business uses energy to produce goods and must pay their own electricity bills, the cost of production for businesses increases, and consumer demand falls for two reasons:

1.Price hikes on goods reduce demand, and
2.People have less disposable income due to higher energy prices.

Overall, production cuts and reduced consumer spending destroy jobs and slow economic growth, which further increases unemployment.

This legislation is bound to impact the poor and the middle class severely in the form of increased prices and fewer jobs. Sadly the environmental benefits are very dubious. This is yet another illustration of a powerful special interest group- environmentalists- throwing roadblocks in the way of prosperity. The environmental sloganism has an air of religiosity to it.