Governor Christie Embraces Cap & Trade
Still Undecided On ObamacareThe last thing New Jersey needs right now is another job-killing program that will chase businesses out of the State. But that is exactly what Governor Christie is proposing in his budget. Believe it or not, the Governor's budget will mean the implementation of an Obama-style Cap & Trade program that will mean higher energy bills for New Jerseyans and result in more lost jobs when the State is already experiencing double-digit unemployment. The legislation (Bill A4559) actually passed the Legislature back in 2007 but never got off the ground under the Corzine Administration. According to the summary statement: This bill would establish in the Department of Environmental Protection (DEP) a carbon dioxide cap-and-trade program for the purpose of reducing carbon dioxide emissions in the State in accordance with the provisions of the "Global Warming Response Act," P.L.2007, c.112. In implementing the program, the DEP would allocate 100 percent of the annual carbon dioxide emissions allowances for public benefit to produce funds for carbon reduction, energy conservation, as well as other projects that benefit electric users. But what Governor Corzine didn't do, Governor Christie is about to. His budget anticipates $65 MILLION in revenue from this program that will be deposited into a "Global Warming Solutions Fund!"(See page 123) The fund's revenues will be used as follows: (1) 60% by the New Jersey Economic Development Authority (EDA) to provide grants and other forms of financial assistance to commercial, institutional, and industrial entities to support end-use energy efficiency projects;
(2) 20% by the Board of Public Utilities (BPU) to support programs that are designed to reduce electricity demand in the low-income and moderate-income residential sector with a focus on urban areas, including efforts to address "heat island effect" and reduce impacts on ratepayers arising from the enactment of this committee substitute into law;
(3) 10% by the DEP to support programs designed to promote local government efforts to plan, develop and implement measures to reduce greenhouse gases; and
(4) 10% by the DEP to support programs that enhance the stewardship and restoration of the State's forests and tidal marshes that provide important opportunities to sequester or reduce greenhouse gases. We already know that Cap & Trade would mean 2.2 lost jobs for every 1 created. It would be a massive energy tax that, in Barack Obama's own words, would mean "electricity rates would necessarily skyrocket." The Heritage Foundation estimates that by 2030, Cap & Trade would cost the U.S. $4.8 TRILLION in GDP and result in 3 MILLION jobs lost in the manufacturing sector. Yet somehow Governor Christie hasn't heard this message. The climate change the Governor should be interested in is fixing the business climate in our State. Instead, he's going to make it more difficult for businesses to thrive here due to this misguided initiative. And it will be the people of New Jersey who will suffer for it. Will you sit back and let Governor Christie be swayed by Obamacare supporters? AFP has warned that the battle for your health care freedom would be coming to the states. That battle is well underway here in New Jersey where Governor Christie has yet to decide if he will direct his Attorney General Paula Dow to join the lawsuits filed by over a dozen other states against Obamacare's unconstitutional provisions. Instead, he is still waiting for the advice of the Obamacare supporters in his cabinet. And now a coalition supporting the government takeover of your health care, New Jersey Citizen Action and the NJ for Health Care, is pressuring him to stand down and urging him not to join these lawsuits. You and I cannot sit back and let these far left groups influence the Governor. Sign our petition to Governor Christie now! Tell the Governor to join this battle to protect our health care freedom. Tell him to protect our rights and direct his Attorney General Paula Dow to join with these other states who have filed lawsuits against Obamacare! CLICK HERE NOW TO SIGN THE PETITION! On to Victory, Steve Lonegan
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