Don't Fall for Cap and Tax

President Barack Obama repeatedly promised that he won't raise taxes on anyone making less than $250,000 a year. But he neglected to mention that this tax exemption will go only to those who don't use electricity, gasoline, heating oil, or natural gas. The truth of the matter is that plans now in the works will raise taxes on practically all middle-class Americans. But that's not all; in addition to new taxes on all those necessities (just think of all the appliances in your home that use electricity), our standard of living will be drastically reduced.

Barack Obama warned during his campaign that we can no longer keep our homes set at 72 degrees (warmed in the winter and cooled in the summer). We cannot eat whatever foods we want (if, like meat and milk products, they come from cows that have to be fed), and we cannot drive SUVs (to accommodate our family and friends). Obama said we cannot continue to consume 25% of the world's resources when we have only 4% of the world's population.

But why not? Americans have built a free-enterprise, private- property, rule-of-law, respect-for-contracts, innovation-receptive society that has enabled us to enjoy the highest standard of living in the world. We designed it by adoption of our unique U.S. Constitution, we worked for our high standard of living, so why can't we enjoy the fruits of our labor?