Kill the Cap and Trade bill before the Cap and Trade bill kills the economy.
The Cap and Trade bill, a.k.a. the Waxman-Markey bill, will drain $1.3 trillion to $1.9 trillion from the economy between fiscal years 2012 and 2019. Moreover, Cap and Trade is a giant regulatory power grab.
The Cap and Trade Energy Tax bill, would have the following catastrophic effects:
- Destroy 1,105,000 American jobs per year
- Raise electricity rates 90%
- Raise inflation-adjusted gasoline prices by 74%
- Raise residential natural gas prices by 55%
- Raise an average family's annual energy bill by $1,500 annually
- Increase federal debt by $29,150 per person
Billionaire investor Warren Buffett supported Barack Obama's Presidential bid last year, and has never been a proponent of major tax cuts. But in an interview today with CNBC, Buffet slammed the new Energy Tax being voted on in Congress this week saying it is a "huge tax" that will "harm an awful lot of people".
U.S. House of Representatives will vote on the new Energy Tax legislation today (June 6, 2009).
Join the Levin Surge! - Call these undecided members of Congress at 202-224-3121 and tell them no to Cap and Trade!
Bono Mack (CA)
Tim Johnson (IL)
Melt the phones!
"If you are a family making less than $250,000, my plan will not raise your taxes -- not your income taxes, not your payroll taxes, not your capital-gains taxes, not any of your taxes. In fact, chances are you will get a tax cut."
The Breaking Point