Press Releases

 

Saturday
Sep192009

CEI - Global Warming Cap-and-Trade Costs Could Hit $300 Billion Annually, Cost Up to Several GDP Points, US Treasury Admits 

Treasury Dept Releases Un-redacted Documents Friday Afternoon

 

Washington, D.C., September 18, 2009 - Global warming cap and trade costs could hit $300 billion annually, the Treasury Department admitted in documents released today – late in the afternoon and on the day of the Jewish New Year celebration.  The same documents had been released by Treasury earlier this week but had important parts redacted.  Now, the document is available in its entirety for public scrutiny. 

The new information reveals that Treasury estimates that not only could cap and trade cost $300 billion annually, “domestic policies to address climate change and the related issues of energy security and affordability will involve significant costs and potential revenues, possibly up to several percentage points of annual GDP (i.e. equal in size to the corporate income tax).”

The documents were obtained by CEI Senior Fellow Christopher Horner through a Freedom of Information Act request and revealed in a Friday afternoon release after public attention to an earlier version raised questions of what the administration was hiding.

 “Today's release explains why the administration initially sought to keep its internal aspirations and expectations from the public: The cost of a cap-and-trade plan to businesses and consumers will be enormous,” said Horner.  "This candid perspective of what could prove to be the biggest tax increase in our nation's history now must be openly debated before the American public".

A cap-and-trade plan, as called for by President Obama, would either immediately sell all carbon dioxide emission permits or sell nearly all after a few years of giving industry most of its permits for free.

> View the Treasury Department documents

> Read more:

Energy Ration Coupons Cost A Mint - Even When They’re Given Away for “Free” - Sept. 17

Big Green Fury & Bile Belies Big Green Fabrications - Sept. 17

Just Breaking - Sept. 18 

 

Saturday
Sep192009

CEI Weekly: CEI Reveals True Cost of Cap and Trade 

>>CEI Breaks True Cost of Cap and Trade Treasury Department's Own Documents

CEI’s Christopher C. Horner reveals the true $1,761 per family cost of Cap and Trade legislation with the Treasury Department’s own documents obtained through a Freedom of Information Act request.  News of the story has been widely covered in:

CBS News; Obama Admin: Cap and Trade Could Cost Families $1,761 a Year  

CBS News; Declan McCullagh's Response to Skepticism on Cap and Trade Costs

The Investor's Business Daily; Smoking Papers on Global Warming

 

The Washington Post; Cap-and-Trade Memos Fire Up the Skeptics

The Politico; Cap and Trade's Price Tag [Corrected]

CEI's Openmarket.Org Blog Post by Iain Murray

CEI's GlobalWarming.Org Blog Post by Christopher Horner

 

>>Shaping the Debate 

The Meltdown Next Time

Eli Lehrer's op-ed in the Weekly Standard

 

Facebook Changes Privacy Policy to Appease Canadians

Ryan Radia and Elizabeth Jacobson's article in the Washington Examiner Opinion Zone

 

Lessons Unlearned

CEI's quote in Investor's Business Daily

 

>>Best of the Blogs

The Man Who Fed the World

by Greg Conko

He may have saved a billion people from starvation, but, if you asked a random sample of reasonably well educated Americans who Norman Borlaug was, they’d probably answer, “Norman who?”. . . Norman Borlaug was an American agricultural scientist and plant breeder whose work sparked what is now known as the Green Revolution. . . On the 30th anniversary of his Nobel Prize, he said “While the affluent nations can certainly afford to adopt ultra low-risk positions, and pay more for food produced by the so-called ‘organic’ methods, the one billion chronically undernourished people of the low income, food-deficit nations cannot.”

 

Another Hoover on Trade?

by Fran Smith

President Obama’s slapping of tariffs on tires imported from China is the latest in a series of protectionist moves by the U.S. that threaten the world trading system, risk retaliation by the U.S.’s largest foreign creditor, and ultimately harm consumers.  A Wall Street Journal editorial today titled “A Protectionist President” points out that Obama’s trade stance could be following in the disastrous footsteps of President Hoover.

 

Obama Wants to Extend PATRIOT Act

by Ryan Young

People are often surprised to hear how similar President Obama’s policies are to President Bush’s. They shouldn’t be. One may be a Republican and the other a Democrat, but make no mistake. Bush and Obama are two peas in a pod.

 

Intel Appeals Record Breaking EU Fine

by Elizabeth Jacobson

Intel is in the news again, this time for fighting the European Commission’s record-shattering $1.4 billion fine against the company. In its appeal, Intel accuses the Commission of having failed to prove that Intel’s allegedly anticompetitive tactics actually harmed consumers in any way.

 

>>Liberty Week Podcast

Episode 60: The Man Who Fed the World

In episode 60, we start with a recap of the 9/12 D.C. Tax Protest, look into union rules that hurt minority contractors and consider the alleged ethics violations of former California Assemblyman Mike Duvall. We then turn to Greg Conko for his thoughts on free market healthcare reform and finish with a tribute to The Greatest Man Who Ever Lived, Norman Borlaug (1914-2009).

  

>>Support CEI

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The Competitive Enterprise Institute’s 25-year record of success is made possible by our over 3,000 supporters. Make sure to stop by www.cei.org/support and make a donation to continue your support or become a supporter.

 

Saturday
Sep192009

NetRight Daily: BigGovernment.com Nails ACORN

BigGovernment.com Nails ACORN:  Yesterday, the House voted 345-75 to approve the "Defund ACORN Act." This followed action in the Senate this week, which voted 83-7 to prohibit ACORN from receiving housing grants from the Department of Housing and Urban Development. The House legislation will now proceed to the Senate.

After 9-12, Where Do TEA Partiers Go?:  When over a million people gather in one place to speak about issues, that may be the maturing of a political movement. Add in the thousands who attended related 9-12 events across the country or gathered to greet a bus caravan dubbed the Tea Party Express and the number approaches 2 million. These are not just voters, but activists motivated for a cause – and they are the people who can truly win elections by being the ground force both local and national candidates need to succeed.

Rationing By Any Other Name...:  We critics of ObamaCare may have been doing ourselves a bit of a disservice over the past few months by focusing on health care "rationing."

Check out this video of Gov. Jim Douglas discussing Health Care and other topics.

Taxation Without Representation:  This was the cry of the American colonies in 1765 when the British Parliament passed the Stamp Act. This was the first British attempt at direct taxation designed to raise revenue rather then regulate trade. The American response was an almost complete boycott of British made goods until the Stamp Act was repealed.

Be sure to follow us on Twitter!

 

Saturday
Sep192009

ALG Defends "Defund ACORN Act" that Passed House as Constitutional, Calls it "Necessary Taxpayer Protections"

"Congress has a right and a responsibility to set the terms and

conditions under which organizations are eligible to receive funding. 

And it has a duty to make sure that corrupt organizations like ACORN

are no longer on the taxpayer dole."ALG President Bill Wilson

 

September 18th, 2009, Fairfax, VA—Americans for Limited Government President Bill Wilson today defended the constitutionality of the House-approved "Defund ACORN Act" against charges by Congressman Jerry Nadler (D-NY) that the bill is designed to "inflict punishment" on ACORN "without trial."

Yesterday, in a floor speech, Nadler claimed that the legislation was a "bill of attainder."

"The 'Defund ACORN Act' is actually not aimed at one group—it is a standard by which all recipients of federal funds will be held," said Wilson.  "Congress has the power to state the terms under which organizations are eligible to receive funding.  In this case, it has barred any organization from receiving funding that has engaged in voter registration fraud, does not abide by lobbying disclosure requirements, or has tried to defraud the government."

"Furthermore, under Congressman Nadler's reading, cutting off any organization's or business' federal dollars would be a 'bill of attainder.' Nadler's statement is just simply wrong.  It would mean nobody's budget could ever be cut," Wilson added.  "There is no 'right' to federal funding."

According to the legislation, no organization may receive funding that has "been indicted for a violation under any Federal or State law governing the financing of a campaign for election for public office or any law governing the administration of an election for public office, including a law relating to voter registration… had its State corporate charter terminated due to its failure to comply with Federal or State lobbying disclosure requirements… [or] has filed a fraudulent form with any Federal or State regulatory agency."

Yesterday, the House voted 345-75 to approve the "Defund ACORN Act."

This followed action this week in the Senate, which voted 83-7 to prohibit ACORN from receiving housing grants from the Department of Housing and Urban Development.  The House legislation now proceeds to the Senate.

Wilson called on the Senate to approve the language of the legislation and get it to Barack Obama's desk.  "The Senate did not go far enough.  It only cut ACORN's funding from the Department of Housing and Urban Development."

ACORN is currently eligible for over $500 million of an "affordable housing fund" created under the $300 billion Foreclosure Prevention Act passed in 2008. According to the Consumer Rights League, ACORN receives some 40 percent of its funding from taxpayers annually.  This fiscal year it has received $1.6 million received thus far for housing services.

ACORN was also made eligible for more than $3 billion under the $787 billion "stimulus" spending bill, and $5.5 billion from the 2010 budget.  Since 1994, ACORN has received at least $53 million from American taxpayers.

Wilson concluded, "Congress has a right and a responsibility to set the terms and conditions under which organizations are eligible to receive funding.  And it has a duty to make sure that partisan political or corrupt organizations like ACORN are no longer on the taxpayer dole."

Saturday
Sep192009

Daily Grind: Time for Senate to Act Against ACORN 

Editorial: Breitbart's BigGovernment.com Nails ACORN, Time for Senate to Act Again
The House votes 345-75 to completely defund ACORN, and now the Senate must act swiftly to make certain not another tax dollar is sent to this racket.

Rationing By Any Other Name...
Government "rationing" by any other name is still a death warrant for the elderly and infirm.

Too Hot Not To Note: Polish PM wouldn't take U.S. calls
The promise by Barack Obama to be a bridge builder with foreign nations falls short with Poland.