A Quote by Barack Obama

Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.

Barack Obama

Quote Topics

Cap Electricity Necessarily Plan Rates Skyrocket System Trade Would

Quote Author

Barack Obama
American - President
Born: August 4, 1961

Under my plan of a cap and trade system, electricity rates would necessarily skyrocket… Because I’m capping greenhouse gasses, coal power plants, natural gas…you name it…whatever the plants were, whatever the industry was, they would have to retro-fit their operations. That will cost money…they will pass that money on to the consumers.

Barack Obama

Eventually we'll use a CO2 tax offset by a reduction in taxes elsewhere alongside a cap-and-trade plan, but the degree of difficulty associated with a CO2 tax far exceeds that with a cap-and-trade plan. We're seeing it's hard to get a cap-and-trade plan and it's much easier to use as a basis for a global agreement than a CO2 tax.

Al Gore

While I have strongly and consistently supported the Clean Power Plan, and continue to do so, I cannot and will not support a proposal for a cap-and-trade system.

Chris Gibson

To some, a cap-and-trade system might sound like a neat approach where the market sorts everything out. But in fact, in some ways it is worse than a tax. With a tax, the costs are obvious. With a cap-and-trade system, the costs are hidden and shifted around. For that reason, many politicians tend to like it. But that is dangerous.

Bjorn Lomborg

I did not come to Washington to raise the electricity rates by as much as $40 per month as this plan would do.

Greg Walden

I'm not shy about stating my opinion on political issues, so I can state my opinion, which is, on this one, Premier Notley's right. Because cap and trade systems have not been shown to work. And if you want to price carbon, then I would listen to the CEO of Suncor, who suggests a clean, transparent carbon tax makes a bunch more sense than a cap and trade system that just creates jobs for traders. I - I kind of agree with that.

Naheed Nenshi

[Barack] Obama, for example, he has not given up on cap-and-trade. Now, he has not been able to pass cap-and-trade, but cap-and-trade is all about redistribution of wealth in a global basis - taking money out of this country and giving it to third-world countries on the other end of the ocean. And that is redistribution of wealth in a global basis. It's fundamental Marxism.

Rafael Cruz

When I was in Minnesota serving in the state Senate and in Washington, D.C., I did everything I could to defeat cap and trade. I didn't work to implement cap and trade.

Michele Bachmann

When I was in Minnesota serving in the state Senate and in Washington, DC, I did everything I could to defeat cap and trade. I didn't work to implement cap and trade.

Michele Bachmann

Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.

Kenneth Lay

A cap and trade bill will likely increase the costs of electricity. . . . These costs will be passed on to the consumers. But the issue is, how does it actually...how do we interact in terms with the rest of the world? If other countries don't impose a cost on carbon, then we would be at a disadvantage. . . . We should look at considering duties that would offset that cost.

Steven Chu

The US needs a cap and trade system with auctioning of licenses for emissions rights. The revenues from these auctions can be used to launch a new, environmentally friendly energy policy. That would be yet another federal program that could help us to overcome the stagnation.

George Soros

If a trade deficit is determined solely by rates of savings and investment, then the U.S. trade deficit will be impervious to a get-tough trade policy. Slapping higher tariffs on imports will only deprive foreigners of the dollars they would have earned by selling in the U.S. market.

Daniel T. Griswold

The cap-and-trade plan is more market driven than anything else. If you want to discourage carbon use, you have to make it more expensive, but what is crucial is that this be a worldwide program that includes China and India.

Phil Gramm

I was in a form of a prison: not necessarily with bars, but I was locked to that machine three days a week, and I couldn't plan work, I couldn't plan vacations, I couldn't plan dinner, I couldn't plan homework, I couldn't plan nothing because at the end of the day, Monday, Wednesday and Friday, I had to be at dialysis.

Grizz Chapman

Once you have an equalization instrument in place, as you have in Canada, there arise tremendous bureaucratic values - bureaucratic rent so to speak - in maintaining the system that you have. To shift to a system that paid the transfers directly to individuals, by having differential rates of federal income tax levied to adjust to provincial fiscal capacities, which would be my preference, you would have huge bureaucratic opposition. People would try to protect the rents they have in the current system of institutions.

James M. Buchanan

A Quote by Barack Obama

Quote Topics

Quote Author

Related Quotes

Related Authors