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FROM Obama Regulations: Shut Down 40% Of Nation’s Electricity
At issue are EPA restrictions on emissions that would close hundreds of coal-burning power plants which represent around 40 percent of the nation’s electricity. If that wasn’t bad enough, some observers think the regulations could double electricity rates for average households. The rates would increase because utilities would have to pass the cost onto ratepayers of replacing coal burning power plants or modernizing them to comply with the regulations. The EPA rules — Carbon Pollution Standards for New Power Plants — are part of Obama’s plan to reduce greenhouse gas emissions which the agency says contribute to global warming. Obama Admitted Plan Would Raise Electricity RatesThere is some evidence that President Obama has a deliberate strategy of increasing electricity rates and destroying the coal industry. “Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket,” Obama told the editorial board of The San Francisco Chronicle in 2008. “Even regardless of what I say about whether coal is good or bad. Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it — whatever the plants were, whatever the industry was, they would have to, retrofit their operations. That will cost money. They will pass that money on to consumers.” “So if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them,” Obama said, “because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted.” Obama’s prediction about coal plants have been proven true. As Off The Grid News previously reported, in October 2013, FirstEnergy Corp announced that it would shut down two coal-fired powered plants in Pennsylvania because it said the cost of complying with EPA regulations was too high. Reuters estimated that coal-burning power plants capable of generating 15,000 megawatts of electricity have shut down since Obama took office in 2009. The news service also estimates that power plants that generate around 37,000 megawatts of power will close in the next 10 years. One megawatt can provide electricity to up to about 1,000 homes.
Awfully Expensive ElectricityThose plants will be closing at a time when demand for electricity is increasing. That will force utilities to build power plants that burn other fuels such as natural gas. It will add additional cost to electricity rates at a time when the rates are already going up dramatically. “It could get awfully expensive,” Daniel Simmons of the Institute for Energy Research told World Net Daily. “Some people might see their electricity rates double. If there’s no backup power plants, that means electricity is going to get awfully expensive when you have shortages around the country.
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Obama administration regulations could force power plants that make
 FROM Project to RESTORE AMERICAThe FairTax is a consumption tax unilaterally applied to all Americans at the same rate. For businesses, payroll taxes would no longer exist. Our exports would include a heavy tax for overseas buyers purchasing our products, while our imports would be cheaper for us to purchase. I'm not sure how this would affect GDP, as more information is necessary.  According to the FairTax website, "Under the FairTax, every person living in the United States pays a sales tax on purchases of new goods and services, excluding necessities due to the prebate." The prebate gives every legal resident household an "advance refund" at the beginning of each month so that purchases made up to the poverty level are tax-free. So a family of four making something like $50,000/year should not have to pay taxes, thus preventing an unfair burden on low-income families. Since the FairTax eliminates both federal and payroll taxes, you get to keep your gross pay amount of each paycheck earned.
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