Newt: The 300 page vote buying amendment is here
Before, moderate rural Democrats in the U.S. House were standing up to Nancy Pelosi in opposition to the “cap and trade” National Energy Tax (H.R. 2454).
They know how harmful this massive tax will be. But now, she’s been able to strong arm a number of them into a deal, and a vote may happen by Friday, June 26th.
This national energy tax would possibly be the largest tax increase in American history, it would cause gas and electricity prices to skyrocket, and add to our already spiraling federal deficit. We simply cannot afford this.
Our representatives must hear from us before Friday, and we must urge them to vote against H.R. 2454.
Your call today could change the game.
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If you are looking for what to say, here’s a list of facts about how the energy tax would:
1. Reduce aggregate gross domestic product (GDP) by $9.6 trillion
2. Destroy an average of 1-3 million jobs, every year
3. Raise electricity rates 90 percent after adjusting for inflation
4. Raise inflation-adjusted gasoline prices by 74 percent
5. Raise residential natural gas prices by 55 percent
6. Raise an average family’s annual energy bill by $1,500 annually
7. Increase the federal debt by 26 percent, which is $29,150 per person
House Speaker Nancy Pelosi has put cap-and-trade legislation on a forced march through the House, and the bill may get a full vote as early as Friday. It looks as if the Democrats will have to destroy the discipline of economics to get it done.
Despite House Energy and Commerce Chairman Henry Waxman’s many payoffs to Members, rural and Blue Dog Democrats remain wary of voting for a bill that will impose crushing costs on their home-district businesses and consumers. The leadership’s solution to this problem is to simply claim the bill defies the laws of economics.
Their gambit got a boost this week, when the Congressional Budget Office did an analysis of what has come to be known as the Waxman-Markey bill. According to the CBO, the climate legislation would cost the average household only $175 a year by 2020. Edward Markey, Mr. Waxman’s co-author, instantly set to crowing that the cost of upending the entire energy economy would be no more than a postage stamp a day for the average household. Amazing. A closer look at the CBO analysis finds that it contains so many caveats as to render it useless.