Friday, May 22, 2009

Waxman-Markey cap-and-trade bill stuffed full of unpleasant surprises

Ouch!  Says the pocket book:

Waxman-Markey cap-and-trade bill stuffed full of unpleasant surprises | Washington Examiner
If cap-and-trade is an energy and global warming bill, why is a three-year package of unemployment benefits, job training and relocation expenses buried deep within its fine print? And why is a federally subsidized “job bank” needed if laid-off workers would quickly be rehired for higher-paying “green” jobs? The fact that generous unemployment benefits are buried in the bill means that “green jobs are bunk,” the conservative Heritage Foundation’s Ben Lieberman told The Examiner.

A Heritage analysis also found that Waxman-Markey is the largest, most intrusive energy tax increase in American history. It would reduce the nation’s GDP by $7.4 trillion, raise electricity rates 90 percent and gasoline prices 74 percent. Apparently, the authors of this legislation were unaware that a recent poll found six out of 10 Americans oppose energy policies that raise their electricity bill by even one cent, much less practically double it. And the final kicker is that the bill’s effect on greenhouse gases emissions would be just barely measurable.


Civis Ordinarius said...

One day, hopefully soon, the media will discover and report that all the Dems and Obama administration cackling about energy, mileage, cap and trade, Gitmo, etc. is not about principle and solution, its about policy that they want to institute.....more government control, more taxes, more government programs.

Ron Ballew said...

Yep, more, more, more. Larger government more political power. All so they can help us little people.