You Cap Us,
We Trade You.
ScrappleFace editor Scott Ott sent this as a tweet at 2:05 p.m. Eastern
The way the House is cramming this lousy bill through reminds me of the equally lousy Stimulus Bill earlier this year.
BREAKING: House leadership is refusing to provide a copy of the text of the bill.
REPORTEDLY: There is exactly one extant copy of the bill. It his hidden in the Congressional cloakroom. I believe it is on display in the bottom of a locked filing cabinet stuck in a disused lavatory with a sign on the door saying “Beware of the Leopard.”
Here is my problem: This is not a Climate Change Bill. Voting for it, does not make you green; voting against it does not make you hate the planet.
This is a Tax, that is all. A Tax on Energy. There is no legislation to clean up the environment, there is no legislation to reduce carbon emissions. This is just a tax on carbon energy production and use. There is nothing in this bill to replace Carbon Energy Production. It will affect your electric bill, and the electric bill of your retailers, the electric bill of your manufacturers. This will affect your Gas Bill, and the Gas Bill of your retailers, the gas bill of your manufacturers. The price of EVERYTHING will go up.
And we are not talking about a few dollars a month. (And that is just your utilities.)
The Commercial Sector is not going ot eat these costs. They are also going to pass them on to you.
Don’t believe me? How about the Wall Street Journal?
Even as Democrats have promised that this cap-and-trade legislation won’t pinch wallets, behind the scenes they’ve acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit $5 a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them.
The reality is that cost estimates for climate legislation are as unreliable as the models predicting climate change. What comes out of the computer is a function of what politicians type in. A better indicator might be what other countries are already experiencing. Britain’s Taxpayer Alliance estimates the average family there is paying nearly $1,300 a year in green taxes for carbon-cutting programs in effect only a few years.
Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history. Even Democrats can’t repeal that reality.
Welcome to you Brave “Green” world.
The fact that Democrats have not locked this as a win, in the House, is telling. Republicans do not have enough votes to block it, by themselves.
And how messed up is this: Patrick Kennedy has checked out of Rehab to vote for this bill.
And it passed the House (219-212)