Congressman John Boehner, the House Minority Leader, has published the following fact sheet on the bill, sometimes referred to as "Cap and Trade," to be voted on in the House on Friday:
Democratic leaders have announced a so-called "deal" to bring House Speaker Nancy Pelosi's (D-CA) national energy tax up for a House vote on Friday. Senior Democrats have already started to tout a number of trivial concessions and compromises that made this "deal" possible. But, the fact is, the consequences of this "deal" are no different from the consequences of the initial legislation introduced by Democrats earlier this year. It still amounts to jobs-killing policy that will increase costs for every American and will further harm our economy and American workers at a time when they can afford it least. Following are the Top 10 Facts about the House Democrats' so-called "deal" to bring Speaker Pelosi's national energy tax to the House floor later this week:
1. Speaker Pelosi's National Energy Tax Will Impose a National Energy Tax on Every Single American. If you drive a car, buy food or a product manufactured in America, or have the audacity to flip on a light switch, you'll pay more under Speaker Pelosi's national energy tax. Here's what Rep. John Dingell (D-MI) had to say about the tax: "Nobody in this country realizes that cap and trade is a tax. And it's a great big one." And of course, President Obama agrees, saying that electricity rates will "skyrocket" under this scheme.
2. Speaker Pelosi's National Energy Tax Will Cost American Jobs, Shipping Them Overseas to China & India. According to a study by the National Black Chamber of Commerce, Speaker Pelosi's national energy tax will cost 2.3 to 2.7 million jobs each year, even after the creation of new "green" jobs. It will impose tough new requirements and increased costs on American manufacturers - higher costs that they won't face overseas, in places like China, India, or Mexico. This will cost American jobs in two ways: either domestic manufacturers will move overseas directly, or American companies in energy-intensive industries will be driven out of business by overseas rivals that undercut their prices. These job losses, and their ripple effects throughout our economy, were excluded from an incomplete analysis recently completed by the Congressional Budget Office. The Brookings Institute recently released a report that confirmed a national energy tax would reduce economic growth, increase costs, and kill jobs.
3. Speaker Pelosi's National Energy Tax Will Cause Electricity Bills to "Skyrocket." Speaker Pelosi's national energy tax will increase electricity bills for every American and small business. President Obama even admitted that it would cause electricity rates to "necessarily skyrocket." And Duke Energy, a major utility company that would receive free allowances under the Democrats' plan, has already requested a rate hike of 13.5 percent in anticipation of the energy tax.
Read the rest at the link and contact your congressman. You may not have been aware that this bill was up for a vote tomorrow because the left is trying to focus our attention this week on other matters so that legislators don't have constituents putting pressure on them. Nevertheless, it's a terrible bill that will accomplish nothing except expand the power of government, diminish our freedom, and make us all poorer.
"Don't go gently into that dark night but rage, rage at the dying of the light." Dylan Thomas.
RLC
