You get what you vote for. Unfortunately, so do the rest of us.
House Democrats passed their massive cap and trade tax yesterday. So much for the promise to lower taxes on 95% of Americans. This will raise taxes on 100% of Americans.
House Republicans issued a scathing statement.
House Democrats used political muscle and party loyalty on Thursday to ram through an anti-global warming bill that opponents caution could cost a family of four $2,937.38 a year.
The action came after a marathon committee session that spent 37 hours over four days methodically rejecting 56 separate Republican efforts to learn the full cost of the bill, to prevent scams in its trading system and even get the feds out of hot tubs. The massive, 946-page Waxman-Markey global warming bill was named for its authors, House Energy and Commerce Committee Chairman Henry Waxman, D-Calif., and U.S. Rep. Ed Markey, D-Mass. It passed the Waxman committee on a vote of 33-25.
“We have legitimate and serious concerns about the redirection of our energy policy in America, which is the foundation and bedrock of our free market economy, the most productive and the largest in the world,” said U.S. Rep. Joe Barton of Texas, the committee’s ranking Republican. “A third of the world’s GDP is based on the United States economy and that economy for over 150 years has been based on a free market allocation of resources in the energy sector. This bill makes fundamental changes in that basic philosophy.”
Cost analyses of the bill vary because hard information on it had been scarce, but few disagreed that the legislation will cost working people billions of dollars through devices intended to force people to stop using energy by making it dramatically more expensive.
“One estimate puts its price per family of four at $29,373.85 over 10 years,” Barton said. “Another estimate is that it will raise electricity rates 90 percent after adjusting for inflation, and boost gasoline prices 74 percent and natural gas prices 55 percent.”
The cost of electricity and natural gas are high enough where we live. It’s only going to get worse, and they don’t care! As long as they can please the kook fringe, the economy and working families can go to hell.
