Unlike Obama's national plan, which would tax a variety of CO2 emitters at the government's whim, New Hampshire had only subjected electric utilities to Cap'n Tax's ransom demands. Even that relatively modest piracy--as compared to the widespread CO2 looting that the Obama administration has planned for the nation--was expected to separate New Hampshire residents from $70 million hard-earned dollars in hidden taxes next year.
Cap'n Tax was a pirate from the cradle, as Phil Kerpen at The Daily Caller observed:
RGGI [Regional Greenhouse Gas Initiative] was supposed to segue directly into a national cap-and-trade system, and was designed by Lisa Jackson, now EPA administrator, when she ran New Jersey’s Department of Environmental Protection.* The pitch to industry was that they could get a head start on buying cap-and-trade permits for two or three dollars each, and make a fortune when a federal bill passed with permit prices ten times that or higher. Now that a federal bill is dead, RGGI is a lose-lose for everyone except the politicians who get to spend the money and the special interests receiving subsidies.
Lisa Jackson likes Cap'n Tax's booty
*New Jersey is catching on to Cap'n Tax's infamy, too it seems, with proposed legislation in the works to hang the old feller from the nearest yardarm.