Going cap and trade green

The Tax Foundation released the following video to educate folks about cap and trade:

Here are the lyrics, in case you want to sing along:

We're gonna...
Cap and trade
all carbon emissions
gonna cap and trade
that will be our mission

We're gonna cap and trade
see what I mean
the government is
going green today...
We cap and trade.

See cap and trade
charges folks for releasing carbon
like companies that use
vehicles that park and

utilities and factories
who pass the cost
to people who will pay
for cap and trade.

It sounds like cap and trade
is a tax we pay then
No sir, cap and trade
is just a regulation

See tax is when there's
money spent
this is just a fee to the government
Okay?
It's cap and trade.

So with cap and trade
won't things be more expensive?
Well just...everything
but don't be so apprehensive

Just clothes and food
and heating bills
and anything that needs
to be shipped will
be raised
with cap and trade.

But how is cap and trade
not a tax there, sonny
when we all have to pay
the government our money

You don't seem to understand my friend
we're going green, doesn't that make sense?
they'll pay
for cap and trade.

Sounds like cap and trade
is some sort of weird humor
because these fees will just be
passed on to the consumer

Yes, but check this chart
you'll see for sure
the biggest burden will be
on the poor who'll pay
for cap and trade.

See who cares if cost of most goods go higher?
And household income levels all go down?
and if estimated environmental impact is not really calculable,,,

Oh, what a scene, I'm really keen
the government is going green
We're going green
with cap and trade!