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Wednesday, March 18, 2009

Daily Yonder: Is 'cap-and-trade' a tax on rural?

Excerpted from this post at Daily Yonder

Rural people use more energy. So when limits are placed on carbon
emissions, will there be a redistribution of money from the center of
the country to the urban coasts? ... Bruce Bailey says the farmers and
other rural residents who buy power from his relatively small
electrical cooperative in Iowa could be in for a big surprise if
President Barack Obama's cap-and-trade plan to reduce greenhouse gas
emissions becomes the law of the land. In fact, Bailey, who heads the
Glidden Rural Electric Cooperative, and other REC sources say that the
nation’s countryside, and reaches of America more dependent on coal,
could be disproportionately affected by the environmentally minded
emissions program contained in the Obama budget plan now before
Congress.

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