June 24, 2009
Pelosi's National Energy Tax (Cap and Trade) Will Cost 2.5 Million
During yet another closed-door meeting in the House of Representatives, the liberal Majority maneuvered to bring the highly unpopular 946-page energy-rationing bill, better known as the Waxman-Markey cap-and-tax bill, to the House floor for a vote by the end of this week!
Sponsored by Rep. Henry Waxman (D-CA) and Rep. Edward Markey (D-MA), the American Clean Energy and Security Act of 2009, H.R. 2454 imposes a system of "cap-and-tax" in order to combat so-called "global warming."
This massive, across-the-board household energy tax is being disguised by congressional liberals and is being sold under the slogan "cap-and-trade," which simply means giving the government power to put a cap on the amount of carbon emissions (CO2) produced by the production of electricity, gasoline, and heating oil, and forcing businesses to actively lobby Congress for higher cap levels and to buy permits for the emissions they are allowed.
Rather than calling it "cap-and-trade," it should be called "cap-and-tax"-as it caps Americans' standard of living and taxes our use of products whose manufacture emits CO2.
If passed and signed into law, H.R. 2454 will further cripple our economy and drain your pockets in the following ways:
* It will raise your household electricity rates by 90 percent, gasoline by 74 percent, and residential natural gas prices by 55 percent by 2035, after adjusting for inflation.
* It imposes an annual burden of $144.8 billion per year on U.S. households, and it will reduce household earnings by a projected $37.8 billion.
* It will further cut U.S. employment levels by 965,000 jobs by reducing economic output by $136 billion per year-this translates to a $1,145 increase in energy costs per American household.
* It will force low-income households to disproportionately bear the across-the-board energy cost increase, as a larger percentage of the poor's income goes toward energy costs, as opposed to wealthier households.
* It sets the stage to effectively kill the coal industry as it will be taxed so heavily, it will not be able to sustain itself.
Speaker Pelosi's National Energy Tax Will Cost 2.5 Million American Jobs, Hit Every Region...
Speaker Pelosi's National Energy Tax Will Cost 2.5 Million American Jobs, Hit Every Region of the Country With Millions in Job Losses Already This Year, Is a Job-Killing National Energy Tax Really the Message Democrats Want to Send to Workers, Small Businesses?
Washington, Jun 23
Speaker Pelosi’s national energy tax is a massive job-killer. According to a National Black Chamber of Commerce study, the devastating plan will cost 2.5 million American jobs thanks to the higher energy costs it will force consumers, small businesses, and other employers to pay. The impact will be felt from coast to coast – literally. The following chart shows the projected job loss in every single region, with especially large job losses in areas of the country already hit hard by the recession:
Source: CRA International Study Prepared for National Black Chamber of Commerce, May 2009
As the House prepares to vote on Speaker Pelosi’s national energy tax as soon as this Friday, are Democrats representing these regions of the country really prepared to vote for even more job loss? Is that a message they want to bring home to middle-class families and small businesses in their districts heading into the Independence Day recess?
House Republicans don’t think so – and in an op-ed published in this morning’s Washington Examiner, House GOP Leader John Boehner (R-OH) highlighted the job-killing nature of Speaker Pelosi’s national energy taxes and House Republicans’ “all of the above” plan for more jobs, lower energy prices, and a cleaner environment:
“On energy and the environment, under the guise of reducing carbon emissions, Democrats are poised to force anyone who drives a car, buys an American-made product, or flips on a light switch to pay a national energy tax.”
“Not only will this drive up prices for food, gasoline, and electricity, it will ship millions of jobs to competitors like China and India that refuse to take the same approach. A study by the National Black Chamber of Commerce estimates the Democrats' plan will cost 2.5 million jobs.”
“House Republicans have a better way: An ‘all-of-the-above’ strategy to clean up the environment, lower energy costs, and create more jobs. Our legislation, the American Energy Act, will increase environmentally-safe energy production, promote alternative fuels to reduce carbon emissions, and encourage increased efficiencies and technologies to maximize America's energy potential.”
All year long, Democrats have been promising more and more jobs, but nearly three million have been lost since January. After a record spending binge on the trillion-dollar “stimulus,” the $400 billion omnibus loaded with 9,000 earmarks, a $3.6 trillion budget that spends, taxes, and borrows too much, and endless bailouts, American workers are asking, “Where are the jobs?” If House Democrats get their way and pass Speaker Pelosi’s national energy tax, those jobs will be leaving America and headed to competitors like China and India, who won’t enact a national energy tax of their own. During this time of economic crisis, is this really a policy Washington Democrats want to pursue?
Wild Thing's comment......
This is pure Marxism imo.
With all they have been doing it sure seems this is the effort IS to collapse the US economy so the ACORN structure, already established, can “come to the rescue”. All under the congressionally unregulated czars and the current president. Backdooring the constitution to make it obsolete.
Marxism is not about individual liberty and broad-based economic prosperity. It’s about repressed rights, all power in the hands of the State, a command economy, rationing and subservience through economic privation. To that end, the national energy tax is an essential element.
Just say NO to the Cap n Trade bill Congress is trying to pass Capitol Switchboard: 202-224-3121
....Thank you Mark for sending this to me.
3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
Posted by Wild Thing at June 24, 2009 05:47 AM
According to the news this morning, the House will vote on this bill on Friday. Every democrat's pet project and supporter has been accounted for and the Cap and trade Tax will least affect those in districts of congressmen who have signed on to this deal.
Other considerations is higher tarriffs on imported goods. Which sounds like a real, buy American theme, but Tarriffs work both ways. The EU already took the Boy-Prez to task over this one and told him in no uncertain terms higher tarriffs we can do the same thing.
Over the past decade we have become a Consumer based economy, meaning we buy more than we produce. This will surely sink the economy to depths never seen before.
The 2.5 Million job loss is a very conservative estimate. Every business will have to adjust their business plan to include the increases in Energy. A business sole function is to make money. If Your overhead suddenly increases by 20-30 % you have to make cuts and profit is only 7-10 of a small business so where do you make the cuts, in overhead, labor, materials...Labor will be the first cut, then cheaper materials, then as a last resort you trim profit, then you close the doors.
All this Bogus law will do is drive the small business owner broke.
Government Motors will probably be exempt from alot of this but no matter they won't be selling any cars either. Because no jobs, no income, no car.
We are already circling the drain. This cap and trade or Health Care will certainly pull the plug.
Posted by: Mark at June 24, 2009 12:25 PM
Here's another LIE by obama trying to sell death and destruction to the United States.
OBAMA: Speaking about a climate bill coming up for action in the House this week, he said: "At a time of great fiscal challenges, this legislation is paid for by the polluters who currently emit the dangerous carbon emissions that contaminate the water we drink and pollute the air that we breathe."
THE FACTS: Carbon dioxide is not directly harmful to humans' air and water in the way of traditional pollutants, such as sulfur dioxide or mercury. Carbon dioxide has no direct effect on drinking-water quality, but is likely to affect how much is available. Carbon dioxide in itself is not harmful when inhaled in normal amounts, but increased warming from carbon dioxide increases harmful smog.
The gas that is exhaled every time a person breathes, and released by the burning of fossil fuels, is primarily considered a pollutant because as it builds up in the atmosphere it raises the temperature of the planet.
Research has shown that the warmer temperatures caused by the buildup of carbon dioxide and other greenhouse gases can reduce the amount of oxygen in lakes, rivers and reservoirs making it difficult for fish and other living things to survive. The increased rainfall expected to come with global warming could also wash more pollutants into waterways, but more rain could also dilute pollution such as pesticides, sediment and fertilizer.
When it comes to air pollution, warmer temperatures can worsen smog and other air-quality problems.
But carbon dioxide itself does not taint water or pollute the air. It is the warming it contributes to that can.
Posted by: Mark at June 24, 2009 01:38 PM
Did every congressperson and senator flunk chemisty and/or physics? We take in oxygen, produced by the plants of the world, we exhale the CO2 that they need to produce the oxygen. CO2 is NOT a pollutant. If you restrict it, we will have irreparable damage to our plants and crops. Tax my breathing? Go take a long walk off a short pier.
We have to be exceptionally careful with the delicate balance that God created for us.
Posted by: Lynn at June 24, 2009 04:15 PM
Mark, I hope and pray they don't just
vote and that they really know what
this is going to mean. I am grateful
to see a few of the Rep. speaking out
Posted by: Wild Thing at June 24, 2009 09:17 PM
Mark, I agree with that sooo much.
That you for the explanation too.
Posted by: Wild Thing at June 24, 2009 09:22 PM
Lynn, good point. I bet your right, I bet
a lot of them don't have a clue and don't
even bother to learn about it.
Posted by: Wild Thing at June 24, 2009 09:23 PM