On June 26 An expensive new “energy tax” bill was approved by the House of Representatives by a vote of 219 to 212 (click here to see how your rep voted). This bill is known as the “American Clean Energy and Security Act of 2009,” H.R. 2454, also known as the Waxman-Markey climate change bill.
Most Americans know this bill as a “cap-and-trade” bill for the purpose of reducing greenhouse gas emissions and global warming by creating a system of pollution permits that energy companies must buy before releasing carbon dioxide into the atmosphere.
Now the 'cap and trade' debate moves on to the Senate where a vote is expected to occur this fall. However, sufficient pressure to defeat any form of 'cap and trade' bill must be developed as soon as possible in case Senate consideration is scheduled earlier. Committee hearings on a Senate bill based on H.R. 2454 are planned for early July.
There are several very important reasons for Americans to oppose any form of 'cap and trade' bill:
(1) At exactly the time when more and more Americans are realizing that our federal government is out of control, a cap and trade bill would establish a whole new unconstitutional activity of the federal government and give it yet another regulatory tool for increasing the cost of doing business, which would necessarily translate into higher costs for consumers.
“[U]nder my plan of a cap and trade system, electricity rates would necessarily skyrocket.” -- Barack Obama, 2008 (click on photo to see video of this statement)
(2) A cap and trade bill would lead to increased expenses for American households of thousands of dollars per year. A recent Congressional Budget Office report estimated that the cost per household would be as little as $175 per year. However, the Heritage Foundation has responded with “CBO Grossly Underestimates Costs of Cap and Trade,” in which they point out that the CBO study assumes nearly 100% of the increased costs for businesses will be rebated to consumers by the federal government (when has this ever happened?) and omits consideration of negative impacts on the economy of thousands of dollars per household. Bottom line, don’t rely on the CBO report to be an accurate forecast of the additional costs you’ll be paying each year due to passage of a cap and trade bill.
For additional analysis of the Waxman-Markey cap and trade bill, see "The Waxman-Markey Global Warming Bill: Is the Economic Pain Justified by the Environmental Gain?" Furthermore, on June 26 the Wall Street Journal published an excellent article that says this bill would likely "be the biggest tax in American history."
(3) The whole reason for existence of expensive cap and trade schemes is based on the global warming myth that man’s activities are producing significant temperature increases. Take a cold bath in reality by reading "A Cooling Trend Toward Global Warming."
We must not provide the federal government with new powers to regulate businesses that would lead to at least hundreds of dollars of new expenses per household each year and more likely to thousands of dollars of new expenses per year.
Help preserve your freedom and prosperity by telling your senators that you are strongly opposed to any form of cap and trade bill!
Take action now by clicking here and sending an email to your senators in vigorous opposition to any cap and trade energy tax.
Let's draw a line in the sand. We must defeat this huge energy tax!