Global Warming Tax Hikes Headed Your Way

America is in the throes of a major housing and financial downturn, soaring food and energy costs, rising unemployment and near recession. But many legislators and bureaucrats are falling all over themselves to restrict fossil fuel use, advance climate change legislation – and thereby increase oil imports, energy prices, and impacts on families and businesses.

Even President Bush has called for action on climate change. “Reasonable and responsible” legislation is needed, the White House asserts, to avert a “regulatory nightmare” that from overlapping state and federal rules. One shudders to think the “preferred solution” could be a costly federal regulatory nightmare of emission mandates and hidden taxes in the form of cap-and-trade schemes.

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