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Global Warming: Loons Gone Wild #7
The Dems are going crazy over Global Warming. with Rep. Dingell (D-MI) leading the charge by proposing a 50 cent excise tax increase on gasoline, phasing out mortgage interest deductions for homes over 3,000 square feet in size (supposedly to fight suburban sprawl), carbon tax of $50 per ton (watch your energy bill go up), all in the name of combating green house gases that some people wrongly theorize is causing the current warming trend.
Earth to Dingell, ever read a science book?
He calls these tax increases "fair" as it will mainly fall on 10% of Americans, mainly those people in the upper-end of the middle class.
This type of extremely taxation over a scientific fraud not only goes against the grain of what is best for America, it will also cripple the economy. A lot of people who have busted their behinds to afford a nice home to raise their families will be forced to sell their homes, most likely at substantial losses as they will no longer be able to afford the increased tax burden brought on by removing the deduction for mortgage interest. (For disclosure, yes, there is a high probability I will be impacted by this, because, although my home is 2100 sq. ft. in size, it also has a full walkout basement. And I am by no means wealthy.) If you think the house market is bad now, just wait until you have a few hundred thousand nice houses tossed on the market because the owners are being taxed out of their homes.
This whole global warming thing has gone too far. It has been clear to me that it is nothing more than a excuse to raise our taxes. Now the Dems are coming out of the closet and have declared war on the American Middle Class.
Because, let's face it, if you think Al Gore, John Kerry, John Edwards or any of these other filthy rich owners of multi-million dollar homes will be impacted by the phase-out of mortgage interest, forget it. Do you really think these people carry mortgages on those homes? Or will there be built in loopholes that will allow them to become exempt?
From Washington Post:
A carbon tax would impact everything from the cost of electricity to winter heating and add to the cost of gasoline and other motor fuels. But economists say a cap on carbon also would raise these costs as burning fossil fuels becomes more expensive.
If the Dems are serious about reducing carbon emissions, then they should first look into eliminating their multi-million dollar homes then remove the barriers to building new modern nuclear power plants and allow for the reprocessing of fuel rods.
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