Sought by the Obama administration, the 1,200-page cap-and-trade bill seeks to reduce polluting energy emissions by setting limits (cap), and requiring those companies who need a higher limit to purchase credits (trade) from companies that pollute less.Although it calls for reducing carbon dioxide emissions by 2020 by 17 percent, compared to 2005, the measure reduces the financial pain during its early years by giving out free credits to utilities, among others. (Click here to read a recent nonpartisan explanation
"Cap-and-trade," McArthur told Mannies, "is a tax increase, no matter what, from a president who promised no tax increases."
Though the McArthurs consider themselves non-partisan and supporters of Governor Jay Nixon who, like Carnahan, is a Democrat, this past weekend Randy McArthur spoke at an anti-tax Tea Party rally in Washington, Missouri. (The McArthurs could only have been an asset to the gathering: No tea party is complete without cookies.) They have vowed to support whoever runs against Carnahan in 2010.
Both McArthurs were out of the bakery doing deliveries when the Daily RFT called to inquire what had transpired at this morning's meeting with Carnahan's reps and if there were refreshments.
The cap-and-trade bill will also affect the bakery's suppliers, which will, in turn, drive up the costs for bakery essentials like flour and butter. Last year, for instance, when the price of gas was at its peak, the cost of 50 pounds of flour more than tripled, from $13 to $42. (It has since subsided to $15.)
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