CNN

“Under a cap-and-trade program, firms would not ultimately bear most of the costs of the allowances but instead would pass them along to their customers in the form of higher prices”

“A cap-and-trade program, like a tax on CO2 emissions, could raise a significant amount of revenue because the value of the allowances created under such a program would probably be substantial.”

Comments fromTerry M. Dinan, Senior Advisor, Congressional Budget Office in his testimony to the Subcommittee on Income Security and Family Support Commitee on Ways and Means; U.S. House of Representatives , March 12, 2009

Yes, the story of the Party of No was also debunked on the cost of cap and trade, they were stating it was 3100 a year for increase in utilities, the true price was closer to 300.

Of course, the Party of NO is all about being "serial exaggerators" and "liars"?

I do not want cap and trade just for America. If you do cap and trade just for America, other countries will just use more of the fuel that we are not raising the levels of CO2 in the atmosphere. Make everyone in the world do it and you don't unfairly punish American citizens.

Well, another one of Obama's cabinet members that is obviously a dork. Energy costs will rise. You only have to have one-half of a brain to know that.

The radical extremist fundamentalist ayatollahs of the Republican Party may not believe in evolution or global warming or equality of the sexes, but they may find themselves just like the dinosaurs and the Neanderthals...extinct...whether they believe or not.

It is stupid to think that rising energy costs won't be passed on to the consumer. All business costs are passed on to the consumer. Soon, thanks to Obama, we could be paying triple the electric costs, quadruple the gas prices, and double the taxes we pay now. Now that is change!

Call it what it is– a carbon tax– and then try to sell it. Unlikely to happen during the First Year of The One.