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To the editor: This week, President Obama’s allies in Congress are having hearings on regulating carbon dioxide, which, as we have been told, is the gas that causes global warming. They call this “cap and trade.”
Electric companies will buy a permit from the government to discharge carbon dioxide (the cap) and what they do not use they can sell (trade). Gasoline, propane and natural gas will be taxed based on how much carbon dioxide they create when burned.
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