H.R. 2454, the â€œCap & Tradeâ€ bill passed by the House of Representatives, if also passed by the Senate, will be the largest tax increase any of us has ever experienced. The Congressional Budget Office (supposedly non-partisan) estimates that in just a few years the average cost to every family of four will be $6,800 per year. No one is excluded. However, once the lower classes feel the pinch in their wallets, you can be sure these voters get a tax refund (even if they pay no taxes at all) to offset this new cost. Thus, you Mr. and Mrs. Middle Class America will have to pay even more since additional tax dollars will be needed to bail out everyone else. But wait. This awful bill (that no one in Congress has actually read) has many more surprises in it.
Probably the worst one is this: A year from now you wonâ€™t be able to sell your house.
Yes, you read that right. The caveat is (there always is a caveat) that if you have enough money to make required major upgrades to your home, then you can sell it. But, if not, then forget it. Even pre-fabricated homes (â€mobile homesâ€) are included.
In effect, this bill prevents you from selling your home without the permission of the EPA administrator.
To get this permission, you will have to have the energy efficiency of your home measured. Then the government will tell you what your new energy efficiency requirement is and you will be forced to make modifications to your home under the retrofit provisions of this Act to comply with the new energy and water efficiency requirements. Then you will have to get your home measured again and get a license (called a â€œlabelâ€ in the Act) that must be posted on your property to show what your efficiency rating is; sort of like the Energy Star efficiency rating label on your refrigerator or air conditioner If you donâ€™t get a high enough rating, you canâ€™t sell. And, the EPA administrator is authorized to raise the standards every year, even above the automatic energy efficiency increases built into the Act.
The EPA administrator, appointed by the President, will run the Cap & Trade program (AKA the â€œAmerican Clean Energy and Security Act of 2009â€³) and is authorized to make any future changes to the regulations and standards he alone determines to be in the governmentâ€™s best interest. Requirements are set low initially so the bill will pass Congress; then the Administrator can set much tougher new standards every year. The Act itself contains annual required increases in energy efficiency for private and commercial residences and buildings. However, the EPA administrator can set higher standards at any time.
Sect. 202: Building Retrofit Program mandates a national retrofit program to increase the energy efficiency of all existing homes across America.