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Cap and Trade Energy Tax Victories

Cap and Trade Energy Tax Victories

President Obama's budget proposal working itself through Congress right now includes funding from a $600 billion cap and trade energy tax.  The plan would place a limit on the amount of carbon emissions that a firm is allowed to produce.  They can then sell their rights to carbon to other companies that wish to exceed their limit.  Cap and trade increases energy costs by restricting output and raising costs to producers.