You may not have heard of the American Clean Energy and Security (ACES) Act, sometimes also known as the Waxman-Markey bill after it's Democratic sponsor congressmen Henry Waxman and Edward Markey. You more likely have heard of the term "cap and trade" being thrown around by the news media.
It's all the same stuff, it was passed by Congress last week and is now being considered by the U.S. Senate, and what it all means is a bigger tax bill and higher prices for every single American citizen during these already tough economic times.
No matter what anyone on either side of the issue will tell you, they will never be able to adequately describe for you in just a short article the full scope and impact of Waxman-Markey, or 'cap and trade', but it will absolutely result in more money being taken from the pockets of every single person who is reading this article.
The main announced intent of the increasingly socialist Obama administration with this bill is to forcibly move the United States into 'green' solutions for what it believes to be a man-made global warming problem.
The intent is also to move American industry towards 'cleaner' and more environmentally friendly processes, particularly where energy-usage is concerned.
The problem is that by forcing both companies and private citizens into compliance, the government is raising the cost on all in order to make the changes to meet new standards.
