Republicans: MIT Professor is Wrong About His Own Study

There’s not a light switch tax but I wish there was a dumbass tax…

It takes a  lot of balls to tell an M.I.T. scientist that he doesn’t understand a report that he wrote, and yet republicans, always excessive in their balliness, have stepped up to the plate :

Taxpayers may have been shocked to learn from House Republicans that President Barack Obama wants to pay for health care by charging them to turn on a light.

This alleged “light switch tax” is a reference to Obama’s proposal to tax power companies for carbon dioxide emissions, and allow companies to trade emissions credits among themselves. That’s called a cap-and-trade program, and Republicans say the companies would just pass the tax on to electricity consumers.

So any revenue raised by a cap-and-trade program amounts to a “light switch tax” on consumers, the House Republicans alleged.

To back up the claim, their staff pointed us to an M.I.T. report that says a similar a cap-and-trade proposal (the administration has not yet detailed their own version) would raise $366 billion per year. If you divide that by the 117 million households in the United States, you find it would cost each household $3,128, they said.

But is it that simple? Can you just assume consumers would be out $366 billion since that’s how much the program would raise from fuel companies?

No.

It’s just wrong,” said John Reilly, an energy, environmental and agricultural economist at M.I.T. and one of the authors of the report. “It’s wrong in so many ways it’s hard to begin.”

Not only is it wrong, but he told Republicans officials it was wrong when they asked him.

But wait, it gets better. After being informed directly that their conclusions were wrong, the GOP continued to parrot the lie in press releases and op-eds.

… does this party have any legitimacy anymore?

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