State Senator Mary Lazich (R-New Berlin) represents parts of four counties: Milwaukee, Waukesha, Racine, and Walworth. Her Senate District 28 includes New Berlin, Franklin, Greendale, Hales Corners, Muskego, Waterford, Big Bend, the town of Vernon and parts of Greenfield, East Troy, and Mukwonago. Senator Lazich has been in the Legislature for more than a decade. She considers herself a tireless crusader for lower taxes, reduced spending and smaller government.
Sometimes lost in the national news coverage of the federal government assuming control of yet another industry is discussion about an equally significant, if not more so story: the largest tax increase in American history, the cap-and-trade energy tax.
Under the Democrats’ cap and trade proposal, the federal government establishes a specific cap on the amount of carbon dioxide American industries can emit. In order to enforce the cap, a limited number of allowances are sold. Utilities, factories and other businesses regulated by the cap and trade law would be required to submit the appropriate number of allowances determined by the amount of carbon dioxide they emit into the atmosphere annually.
Hundreds of billions of dollars in new costs will be created for American businesses. Care to guess how they will address the huge new expense? Of course, they will pass the costs onto consumers, making cap and trade a large tax on energy. Some
During March of this year, the nonpartisan, nonprofit Tax Foundation in
What kind of financial burden would cap and trade impose on your household? The Tax Foundation has devised the Household Cap-and-Trade Burden Calculator. Calculate the cost of cap and trade to your household here.
I have signed the No Climate Tax Pledge that shows my opposition to any effort to include cap and trade, a huge tax increase, in climate control legislation.