Get Ready For The Biggest Energy Tax Hike In History
And RGGI is not even authorized by Congress! It's an end-run around their inability to pass a national cap & tax law! RGGI was created by a "Memorandum of Understanding" - a mere letter! - between state Governors! But it's treated like an iron-clad law and real people suffer from it!
States that have implemented RGGI include New Jersey, New York, Connecticut, Massachusetts, Maine, New Hampshire, Vermont, Rhode Island, Delaware and Maryland.
This waste of tax dollars is responsible for "making an impact on climate change." So far, the cap & tax scheme has been an epic failure.
Projections from RGGI's own consultants and energy officials show that the organization will hardly make a dent in curbing carbon emissions. A New Jersey Watchdog analysis of their data and estimates reveal:
Carbon emissions by electric power plants in the region totaled 123.7 million tons in 2009.
The 188 million-ton cap set by RGGI is too high to have much effect.
RGGI has made some pretty big miscalculations about their projection of carbon emissions. In 2005, 184.4 million tons of CO-2 was released. From 2005-2009 (when the cap began) carbon emissions fell by a third.
If RGGI's real goal was to cut carbon emissions, they this news should've had them jumping for joy. But, like any tax scam, the goal is to make more money, not solve the problem. Falling carbon emissions means less cash for RGGI. Since its inception, RGGI has raked in $729 million dollars from selling carbon permits.
On November 12th RGGI stakeholders met to discuss the problem of declining carbon emissions. Their findings revealed that more people were abandoning electric generators in favor of natural gas because it's cheaper. Since the financial meltdown, Americans also cut down on their energy usage to save money. It shouldn't take an investigation to figure out when people are pummeled with energy tax increases they will find cheaper sources of energy.
RGGI Is The Prototype For More Regional Cap & Tax Entities
Soon RGGI will expand to every state and stick you with astronomical energy prices. RGGI is the model for two new stealth cap & tax entities. The Midwestern Greenhouse Gas Reduction Accord would bring the tax scheme to Illinois, Michigan, Wisconsin, Minnesota, Iowa and Kansas. The Western Climate Initiative will force California, Oregon, Washington, Arizona, New Mexico, Utah and Montana to start paying through the nose for energy. Both programs are set to start in 2012.
Clearly the fact that GLOBAL WARMING ISN'T EVEN REAL isn't stopping the spread of the climate change scam to 13 other states! Even more outrageous, is RGGI and its stakeholders continue to claim they're making a significant impact to combat the threat of global warming (even though the data proves them wrong.)
The only impact RGGI has made so far is they have raised energy prices and created a slush fund for each member state. What exactly that money is being used for is unclear. Each state is capped on their carbon emissions and taxed if they use them up. RGGI added a 0.9% increase in energy prices in New England.
Our Tax Dollars Are Funding A Life Of Luxury For Crooks
RGGI's sense of entitlement is mind boggling. While everyday Americans struggle to pay the bills and live through the stress of the Recession, RGGI is rolling in the dough. RGGI Chief, Jonathan Schrag is living a life most of us could only dream of. In June, Schrag and his wife Kristen purchased a $2.2 million dollar loft in Manhattan. Schrag's posh condo is 2,000 square feet and has three bedrooms and two bathrooms with a nice view of the Manhattan skyline. Schrag's luxurious residence is only a five block walk to the RGGI headquarters. I guess he didn't want to risk creating a carbon foot print by driving to work.
Schrag is paid to keep secrets. He has refused to disclose how much money he makes and the salaries of his employees. Schrag told New Jersey Watch Dog to get lost when they asked him to disclose RGGI's records. In the most recent public disclosure requests from the IRS Schrag declined to reveal how much everyone is paid in the organization. Most companies have to reveal to the IRS the salaries of their employees. RGGI is given special treatment because our government is backing their scheme.
The corruptocrats in Washington are completely responsible for this gigantic waste of tax dollars. Everyday Americans work hard to earn money and provide for their families while Washington fat cats get paid to accomplish nothing! The crooks behind RGGI must be exposed and held accountable!