Senator Harry Reid (D-Corruption) will introduce energy legislation before the August recess that includes a new carbon tax on emissions from power plants.

The third, biggest and most contentious piece is a price on greenhouse gas emissions — a policy at the heart of the climate change debate. In a nod to how heavy a lift this would be, it’s likely that the carbon-cap piece will be limited to pollution from power plants and will not apply across the economy.

Remember the basic rule of regulation: New costs on companies means new costs for consumers. Corporations don’t simply take the financial hit and utter, “Oh well,” over a glass of sherry. If you increase costs on power companies, those increased costs get passed on to consumers via higher monthly energy bills.

In short, your energy bill will “necessarily skyrocket“. Coincidentally, here’s Barack Obama in January 2008:

It didn’t take us long to find Barack Obama’s original quote, which came from a videotaped interview he did with the San Francisco Chronicle editorial board very early in the presidential campaign, January 2008.

“Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket,” Obama told the Chronicle . “Coal-powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers.”

Captain Kickass has actually admitted that these plans will cost you more every month, as the increased costs on power companies will get passed on to you.

Harry Reid has evidently decided that the best time to introduce this legislation is right before the August recess, when Washington returns home to campaign. He’s either a political idiot or he’s counting on corruption to get re-elected.