Hey Lindsey Graham: The Carbon Tax Doesn’t Work
A LESSON FROM DOWN UNDER …
U.S. Sen. Lindsey Graham (RINO-S.C.) was the only “Republican” in the U.S. Congress to support Barack Obama’s “cap and trade” carbon tax.
Missed that? Here’s a refresher …
Graham masked his support for the tax hike in clever language (i.e. “pricing carbon,”) but no one was fooled … least of all us. In fact when liberal special interests tried to come to South Carolina masquerading their money behind “Republican” groups, we exposed the scam (here, here, here and here).
The more things change, right?
The tax – which would have raised the average American family’s energy costs by $4,000 a year – was ultimately defeated, although the Obama administration has recently sought to impose it unilaterally.
Is that a good idea?
Let’s ask Australia, which implemented a carbon tax of its own in mid-2012. The results of that levy? A ten percent spike in energy costs for families and a whopping 10,600 business failures – which was 12 percent more business failures than Australia saw at the peak of the global recession. Oh, it also failed to curb emissions .
This week Australia finally scrapped this harmful tax hike – fulfilling a campaign promise made by its new ruling coalition government.
“The tax that you voted to get rid of is finally gone: a useless, destructive tax which damaged jobs, which hurt families’ cost of living and which didn’t actually help the environment,” Australian prime minister Tony Abbott said.
Let’s hope Lindsey Graham, Barack Obama and the rest of the eco-radicals in Washington, D.C. were paying attention …