The President's proposed budget anticipates significant revenues from a cap-and-trade program. Companies would be required to buy permits from the government. Don't be fooled, this is just another tax on American families. According to the non-partisan Congressional Budget Office, this program will cost the typical American household $1,600 in new taxes. Congressman Smith is opposed to a cap-and-trade program. While he believes that it is important to protect the environment, we must first protect the American family.
Source: http://www.texansforlamarsmith.com/issues
