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MRPAC: Is your family ready for a $1,761 a year tax increase?

In the guise of addressing climate change, President Obama has asked Congress to pass a cap and trade program that will have a devastating impact on hard-working American families and on our economy as a whole. The House has already passed a version of this legislation, and just last week, Senators Barbara Boxer and John Kerry answered the President’s call by introducing a cap and trade bill in the Senate.

We need to act now before it is too late and stop this legislation.

This cap and trade bill represents an enormous, hidden tax on the American people and American businesses, and it must be defeated. As you may recall, candidate Obama promised not to raise taxes “by one dime” on people making less than $250,000 a year. His cap and trade program will demolish that promise.

In fact, estimates are that the Obama plan could cost the average American family $1,761 a year, the equivalent of a 15% income tax hike. It will kill jobs and make a bad economic situation even worse. And because it will simply move greenhouse gas emitters from America to other nations like China, it won’t do a thing to affect climate change.

This is why I’m writing you to ask if you will join me in opposing this cap and trade legislation by taking two important steps today.

Lanny, our dedication to keeping this nation strong is needed today as much as it has ever been needed in our past. I’m so glad I can count on you.

Best,

Mitt Romney

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