Here’s reason #1 of the Club for Growth’s top 15 reasons to oppose the Waxing Malarkey (Waxman-Markey) “cap and tax” bill:
National Energy Tax: This is a tax that will affect constituents in every aspect of their lives. From transportation, to food, to electricity, to income – this is the ultimate regressive consumption tax to the tune of nearly $3,000 per year according to the Heritage Foundation. The costs per family for the whole energy tax aggregated from 2012 to 2035 are estimated to be $71,493.
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