Talk about the Mother of All Tax Increase -- here’s part of an alert from Myron Ebell, Director of Energy and Global Warming Policy, at the Competitive Enterprise Institute in Washington, D.C.:
House Democratic leaders plan to bring to the floor this week the Waxman-Markey energy-rationing bill, H. R. 2454. If enacted, Waxman-Markey would be the biggest tax increase in the history of the world and the biggest government intervention in people’s lives since the Second World War, which is the last time that Americans needed ration coupons to buy gasoline, food, and other necessities. The energy price increases required by H. R. 2454, the American Clean Energy and Security Act, are not a one-time event, but will go up steadily year after year until at least 2050.
Yeah, unfortunately it’s true. In the name of fighting global warming, Democrats like Pelosi and Waxman want to stick us with a draconian (and blatantly unconstitutional, I might add) energy tax and rationing plan -- even though large countries like China and India have already said there is no way they would buy into any such foolishness.
The best point was made over at the Green Hell Blog where they rightfully wonder if this “is the most intellectually-and morally-corrupt bill ever seriously considered by Congress.” I would say that H.R. 2454 is most certainly one of the worst pieces of legislation for the economics of our nation since FDR started up all those regulatory agencies and rammed the scheme past the Supreme Court by threatening court packing. Already President B. Hussein Obama jumped in to make matters worse by ordering the EPA to declare carbon dioxide -- something all humans and animals exhale and that plants need to grow -- a threat to the public welfare.
Oh, and where’s the global warming? Well, now that the sun spots are down to a minimum, we’re starting to experience global cooling. But, there’s big bucks and more central government power to be had from these global warming schemes, so that’s the name of that story.
We have an election coming up in 18 months. If a lot of us work together, perhaps we can get some clear thinking people in the halls of Congress and through the central planning socialist-Democrats out. For the future of out great country, I surely hope so.
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