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Archive for September 15th, 2009

 
 

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Numerous studies have documented how the grossly misnamed Affordable Energy Act of 2009, also known as Cap and Trade or more accurately Cap and Tax, will raise the cost of energy for every American. If the cost of all energy rises dramatically, will industrial production stay in this country or will it move to China or India that is not constrained by the cost of energy regulations? China and India already enjoy a significant cost advantage over American producers in many fields; this will just exacerbate that advantage.

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The colonies refused to pay the levies required by the Townsend Acts claiming they had no obligation to pay taxes imposed by a Parliament in which they had no representation. In response, Parliament retracted the taxes with the exception of a duty on tea – a demonstration of Parliament’s ability and right to tax the colonies. In May of 1773 Parliament concocted a clever plan. They gave the struggling East India Company a monopoly on the importation of tea to America. Additionally, Parliament reduced the duty the colonies would have to pay for the imported tea. The Americans would now get their tea at a cheaper price than ever before. However, if the colonies paid the duty tax on the imported tea they would be acknowledging Parliament’s right to tax them. Tea was a staple of colonial life – it was assumed that the colonists would rather pay the tax than deny themselves the pleasure of a cup of tea.

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The small scandal showing an embarrassing video of Baltimore ACORN staffers looking like they were giving tax advice on how to set up a brothel, is now national news. — This story has everything you could ever want – corruption, sleazy actions at tax-funded organizations, firings, government ties, sex, hookers. It is a network news director’s dream. Imagine the ratings!

Only almost no one is covering it.

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