According to Dairy Today‘s Jim Dickerell, Title V of the act requires any entity that could potentially emit more than 100 tons of greenhouse gas to get a permit (I could make several jokes here but will dutifully restrain myself). Methane emissions. You know, cow flatulence and other waste emissions. The USDA estimates any farm with more than 25 dairy cows, 50 beef cattle or 200 hogs would fall into that category.
The EPA’s minimum rate is $43.75 per ton of emitted gases, a figure the American Farm Bureau Federation uses to translate the impact: So here's the projections. $175 for a dairy cow; $87.50 for a beef cow; and $20 for a hog. On a serious note, do you have any idea what this would do to food costs?
Following this train of thought, I am so glad that the dinosaurs died. Can you imagine what bad shape we would be in with those behemoths still around? By this logic, it was a good thing we killed all those buffalo in the 1800’s!
Obama and his leftist goons should remember what Churchill said about taxes and prosperity: "Taxing yourself into prosperity is like standing in a bucket and trying to lift yourself with the handle".
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