Part 1 in a series
By Katie Kieffer
If you’re a young professional, you want to know, how will the current cap-and-trade bill impact you if it passes in the Senate? I’ll try to break this proposed legislation down and explain how it will impact you as a young taxpayer and a young professional so that you can decide what you think about it.
As a young person, you already know that Social Security and Medicare will likely run out in 2037 and 2017 respectively, and therefore will not be available to you. You know you need to start planning and saving now in order to have enough monetary reserves to retire in comfort and afford the additional health care you may require as you age. If you’re like me, you want to do everything you can now – while you’re young – to make sure that you will:
1.) Live in a clean and healthy environment, and pass down the same to future generations.
2.) Have ample opportunity to achieve the “American Dream” including home ownership, prosperity and career success – whether you choose to build your career within an existing corporation or decide to start your own company.
3.) Retire with your desired lifestyle and comfort level.
At first glance, cap-and-trade appears to be complex legislation. Cap-and-trade is actually just one part of a larger climate bill: H.R. 2454, also known as Waxman-Markey, passed by the House of Representatives in June 2009. Now, cap-and-trade, and other environmental legislation are up before the Senate. Before cap-and-trade legislation passes, it is important for you to decide what you think about it so that you can have a say in the decisions your elected officials ultimately make.
Over the next few days, I’ll dig into cap-and-trade and help you understand it from your perspective as a young professional. Cap-and-trade is an important, hot-button issue that you’ll want and need to be on top of as your career progresses.