Friday, June 26, 2009

Tax and Kill

Today the House voted to approve the National Energy Tax (laughably known as "Cap and Trade", which sounds a lot more harmless). Did you know that:

- YOUR electric and gas bills can be expected to go up by at least $100 per month;

- We will lose, by most estimates, over 2,000,000 jobs over the next 10 years. The bill itself has over 50 pages detailing how to deal with these job losses;

- This is the largest tax bill in American history, yet a 300 page amendment was inserted last night, less than 24 hours before the vote, adding complexity to an already 1.200 page bill that few if any of these representatives had actually read;

- It will create another massive Federal bureaucracy;

- Energy companies are already saying that they will not be able to continue to produce energy domestically and we will need to rely more than ever on foreign energy sources, which is an economic and National Security disaster;

- Energy and manufacturing companies will move their operations to countries like Brazil, India, and China, who have no interest or intention whatsoever in complying with this legislation;

- Electrical power generation creates four times as much pollution in Brazil as it does in the U.S.;

- Many of the Democrats who voted against this bill waited until the issue was decided, purely so they could go to their constituents and plead that they opposed it - many of their votes would have been different if the outcome was uncertain.

This legislation is an unmitigated disaster; I sincerely wish that those who support it would get beyond the blather of the mainstream media and actually do some homework. This will result in higher energy costs, higher unemployment, and another migration of manufacturing jobs to a friendlier country.

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