What Obama's Cap & Trade Costs YOU

What Will Cap-n-Trade Cost You? [David Freddoso from NRO]

Republicans have been arguing for some months that it will cost an average of $3,128 per household, based on an MIT study. The professor who did the study later disagreed, however, offering a much smaller figure of $215 (which he now says should really be $800). Republicans have subsequently been called "liars" and "pants on fire" by people with very loud voices for using the $3,128 figure.

But now, John McCormack writes, the MIT profesor admits that he wasn't counting as a "cost" the higher energy taxes that Obama's cap-n-trade will make consumers pay. On average, those higher taxes, based on the MIT study, will come to . . . $3,128 per American household. Whatever the federal government decides to do with the money after that (it could be redistributed or it could be used for more "green energy" projects), it is still taking that amount from the consumer up front.

If you live in the real world, your tax bill is an expense, not an asset as the professor has been reckoning it. So yes, cap-n-trade costs at least $3,128 to the average household.