Young to seek 20th term in Congress - KTUU.com | Alaska's news and information source |
ANCHORAGE, Alaska (AP) - Alaska's lone US Representative says he's NOT ready to start collecting his federal pension.More from a supporter of the Waxman-Markey climate swindle
Republican Don Young today filed with the state Division of Elections to run for his 20th term.
It's the earliest he's filed and the 76-year-old Young says he's making it clear to potential challengers that he wants to keep the job.
...
Young calls the climate change bill passed Friday probably the most telling negative bill ever passed.
He says the bill is aimed at curbing global warming is a tax on all Alaskans.
Young estimated it will raise taxes $1,000 per household.
First, we should acknowledge the obvious: The bill is awful. It gives away permits to greenhouse gas emitters that should instead be auctioned. As a result, money that could be rebated to taxpayers or used to fund the development of clean technologies instead goes to the industries that are the source of the problem.
Second, the use of tradable permits rather than a tax is a rather questionable policy. Permits will almost certainly require more government enforcement bureaucracy than a system of taxes and subsidies. And, incidentally, permits will allow Goldman Sachs and our other Wall Street friends to make tens of billions of dollars on trading fees in the coming decades, a high priority for all Americans.
But a bad bill is almost certainly better than no bill.
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