"As if Biden’s push for green energy hasn’t hurt America enough with the cancellation of the Keystone XL Pipeline and rejoining the Paris Agreement on climate, it’s now fueling the rise in utility bills for hardworking Americans across the board.
And his plan to hike taxes on corporate businesses will only make it worse.
Electric rates are increasing across the country as utilities incorporate funds for green energy.
In Florida, three separate utilities are asking for electric rate increases:
Tampa Electric is asking for a whopping 18%;
Florida Power & Light (FPL) is asking for a $2 billion increase; and
Duke Energy Florida is asking for a 3-4% rise in 2022,
and 1% more in 2023 and 2024.
All of these proposed electric rate increases include paying for more green energy, yet for so long Americans have been told wind and solar are free.
... Michigan’s electric rates will jump 12%.
New Mexico customers will see 9.2% bigger bills for the Sagamore wind project and its infrastructure.
Dominion Energy in South Carolina is asking for 7.7% more and
Louisville Gas and Electric is asking for 12%.
It's only a question of time before everyone will be paying more for their power, natural gas, and gasoline at the pump.
On top of these green-driven rate increases, Biden wants to also increase the corporate income tax, arguing companies will pay this and consumers will not.
... Americans enjoyed lower utility costs because of the corporate tax cut in 2017.
There is a long list of utilities that passed their tax savings on to their customers or used the savings to offset planned rate increases.
... When a business saves money in one area, they can lower prices, increase investments, pay off debt, increase profits, pay their employees more and hire new workers.
... just as the tax savings of 2017 saw reduced electric rates or offset increases, increased taxes will have just the opposite effect.
There will be more upward pressure on utilities and other businesses to increase their prices.
... When the food makers and grocery stores have to increase wages to a minimum of $15 dollars, they will also pass even more costs on to those that buy food.
Low-income people spend more of their budgets on food and utilities than middle income and wealthy people.
Increasing gas, electric and food prices hurt the poor the most.
... COVID, economic insecurity, and ever-increasing utility costs have hit hard.
... China just drilled the deepest oil well in Asia and is busy building and financing hundreds of coal plants in China,
Asia, Africa and South America.
Coal is the number one source of electricity worldwide, at almost 40% of all power.
... Putting environmental extremism over people will take America backward, and at the worst possible time."
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Friday, February 26, 2021
"Americans Can't Afford President Biden's Green Obsession"
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