By a 219-212 vote, eight Republicans and 211 Democrats, passed today what Democrats titled “Cap & Trade.” According to The Heritage Foundation, HR 2454 will cost a family of four $2979 per year by taxing energy consumption, increased production costs that will be passed on to the consumer in the form of higher prices, and adverse economic impacts such as lost jobs and lower GDP. Though concerned citizens jammed the switchboards of their representatives yesterday to fight against what is really the Democrats’ new “Energy Tax,” our elitist elected officials ignored their constituents’ pleas and protests to push through this huge tax increase that will surely cripple an already ailing economy.
Though President Obama campaigned on the promise of a middle class tax cut, he’s a principal backer of this economy-killing tax. The Wall Street Journal points out that the 95% of Americans the President promised a tax cut will be the hardest hit by this latest Democratic plan to seize a bigger portion of our paychecks. Forget for a minute that what Obama calls a tax cut doesn’t deserve that moniker. The President claims what he dubs a tax cut will save American households only $500-$1000–nowhere even close to the costs those Americans will incur if HR 2454 passes the Senate and is signed into law.
What the President and his Democratic allies are perpetrating is a huge con job on the American people. They hand you somewhere between $500 and $1000, while picking your pocket for $3000–smiling and laughing all the while. That’s the worst part.
Heritage notes that “Climatologist Chip Knappenberger crunched the numbers and found that even the strictest version of Waxman-Markey would reduce projected global temperatures by just 0.044ºC by 2050.” Less than one degree if the Democrats got everything they want and it all works the way they claim. Both of which are doubtful.
Less than one degree! How much of the polar ice cap will that save? How many heat related illnesses and deaths will that avoid?
The fact is, there will be virtually no change to the effects of global warming and Obama and his Democratic pals in Congress know it. This entire bill is a ruse they’ve created for one purpose and one purpose only–to raise taxes. It’s one big con and we, the American people, are the marks.
Contact your Senators, and keep contacting them to make sure this bill dies in the Senate. We cannot afford the Democrats’ tax increase, regardless what name they give it.
[...] real news stories to be covered. The same day the US House passed the job-killing Waxman-Markey tax hike disguised as a climate bill, the Competitive Enterprise Institute released a draft report by EPA [...]