Speaker Pelosi's National Energy Tax: More Mandates, More
Regulations, More Costs
Posted by Jessica R. Towhey on June 26, 2009
Speaker Pelosi’s national energy tax is going to raise electricity
prices, increase gasoline prices, and ship American jobs overseas to
countries like China and India. This, we know.
It would be a bureaucratic nightmare overseen by a confusing web of
government agencies that would take and redistribute trillions of
dollars from family budgets and workers payrolls. This, we also know.
Even Agriculture Committee Chairman Collin Peterson (D-MN) admitted
in the Washington Post this morning that: “The truth is, nobody knows
for sure how this is going to work.†How encouraging.
But what don’t we know? Here are some facts you may not know about
Speaker Pelosi’s national energy tax:
Homebuyers Beware. Trying to save up for a new home? You may have to
save up a little longer for your purchase. The Democrats’ bill would
dramatically increase new home costs by mandating California’s
expensive new building codes for the entire nation. Immediately upon
enactment, the Democrats’ bill would demand a 30 percent increase in
energy efficiency for new construction. A couple of years later, the
Democrats’ bill would require an additional 50 percent improvement.
These numbers were chosen with no concern for cost to consumers or
feasibility in implementation.
Homebuilders Beware. The Democrats’ bill imposes new mandatory
regulations and civil penalties for homebuilders. If your state
refuses to accept the stringent and costly California building codes,
the federal government may assess penalties. And don’t get too
comfortable with the new mandatory regulations because the Democrats’
bill allows for “consensus-based†codes to supplant those outlined in
the bill. So, as soon as you’ve invested your hard-earned money to
comply with the bill’s mandates, the rug could get pulled from
underneath you. Translation? You’ll pony up more and more money.
Home Sellers Beware. Having a hard time selling your home? Here’s
one more hurdle to jump: all homes sales are conditioned upon an
energy audit and a new energy rating assessment and energy labeling
program for your home that’s outlined in the Democrats’ bill. And if
you thought you could improve your property with a fresh coat of paint
and some granite counters? Think again! Now your home will be
subjected to a new energy rating assessment and energy labeling
program that will penalize you for older windows, original fixtures,
and dated appliances. So the Democrats’ bill would bring down the
value of your home!
Regulations, More Costs
Posted by Jessica R. Towhey on June 26, 2009
Speaker Pelosi’s national energy tax is going to raise electricity
prices, increase gasoline prices, and ship American jobs overseas to
countries like China and India. This, we know.
It would be a bureaucratic nightmare overseen by a confusing web of
government agencies that would take and redistribute trillions of
dollars from family budgets and workers payrolls. This, we also know.
Even Agriculture Committee Chairman Collin Peterson (D-MN) admitted
in the Washington Post this morning that: “The truth is, nobody knows
for sure how this is going to work.†How encouraging.
But what don’t we know? Here are some facts you may not know about
Speaker Pelosi’s national energy tax:
Homebuyers Beware. Trying to save up for a new home? You may have to
save up a little longer for your purchase. The Democrats’ bill would
dramatically increase new home costs by mandating California’s
expensive new building codes for the entire nation. Immediately upon
enactment, the Democrats’ bill would demand a 30 percent increase in
energy efficiency for new construction. A couple of years later, the
Democrats’ bill would require an additional 50 percent improvement.
These numbers were chosen with no concern for cost to consumers or
feasibility in implementation.
Homebuilders Beware. The Democrats’ bill imposes new mandatory
regulations and civil penalties for homebuilders. If your state
refuses to accept the stringent and costly California building codes,
the federal government may assess penalties. And don’t get too
comfortable with the new mandatory regulations because the Democrats’
bill allows for “consensus-based†codes to supplant those outlined in
the bill. So, as soon as you’ve invested your hard-earned money to
comply with the bill’s mandates, the rug could get pulled from
underneath you. Translation? You’ll pony up more and more money.
Home Sellers Beware. Having a hard time selling your home? Here’s
one more hurdle to jump: all homes sales are conditioned upon an
energy audit and a new energy rating assessment and energy labeling
program for your home that’s outlined in the Democrats’ bill. And if
you thought you could improve your property with a fresh coat of paint
and some granite counters? Think again! Now your home will be
subjected to a new energy rating assessment and energy labeling
program that will penalize you for older windows, original fixtures,
and dated appliances. So the Democrats’ bill would bring down the
value of your home!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
