Archive for Cap-&-Trade
To the Senate: American Clean Energy & Security Act
Posted by: | CommentsOn Friday, June 26th., the House passed the American Clean Energy & Security Act, by a vote of 219 to 212. Eight Republicans voted in favor of the bill, while 44 Democrats and 168 Republican voted against. Fox News reports that on Saturday, June 27th, President Obama pressured the Senate to follow the House to quickly pass the American Clean Energy and Security Act.
“Hailing the House, President Obama put pressure on senators Saturday to follow its lead and pass legislation to limit greenhouse gas emissions, helping usher the U.S. into a new age of energy efficiency.
‘Now my call to every senator, as well as to every American, is this: We cannot be afraid of the future. And we must not be prisoners of the past,’ the president said in his weekly radio and Internet address. ‘Don’t believe the misinformation out there that suggests there is somehow a contradiction between investing in clean energy and economic growth. It’s just not true.’”
You can read the rest of the article here:
Obama Pressures Senate on Climate Change Measure
House Roll Call for the H.R. 2454 American Clean Energy and Security Act
Posted by: | CommentsSee how your U.S. Representative voted on Cap-&-Trade aka “H.R. 2454 American Clean Energy and Security Act”:
House Roll Call for the H.R. 2454 American Clean Energy and Security Act
Consequences of Passing H.R.2454 American Clean Energy And Security Act
Posted by: | CommentsIf passed H.R.2454 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
8. Decrease temperatures by only 100ths of a degree in 2050 and no more than two-tenths of a degree at the end of the century.
Click here to contact your Representative today!
Source for facts: http://www.americansolutions.com/take-action/call.php via the Heritage Foundation
See full article here: http://www.heritage.org/research/energyandenvironment/wm2450.cfm
Don’t Be Thupid! Call Your Congressman About H.R.2454 Now!
Posted by: | CommentsIf you don’t contact your Representative NOW, you and your family will pay a boatload of money.
Tomorrow, Friday, June 26, the U.S. Congress will vote on H.R.2454 American Clean Energy And Security Act of 2009.
Call, Fax, and email your Representative now and tell him/her to vote NO.
So, you say that you don’t know how to contact your Representative. Here is a link that will show you how. It takes about 5 minutes to contact them:
Make time to do it now. You cannot afford to NOT contact your Representative.
The Wall Street Journal’s reports:
“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.”
According to the CBO, the climate legislation would cost the average household only $175 a year by 2020.
For starters, the CBO estimate is a one-year snapshot of taxes that will extend to infinity. Under a cap-and-trade system, government sets a cap on the total amount of carbon that can be emitted nationally; companies then buy or sell permits to emit CO2. The cap gets cranked down over time to reduce total carbon emissions.
The biggest doozy in the CBO analysis was its extraordinary decision to look only at the day-to-day costs of operating a trading program, rather than the wider consequences energy restriction would have on the economy. The CBO acknowledges this in a footnote: “The resource cost does not indicate the potential decrease in gross domestic product (GDP) that could result from the cap.”
The hit to GDP is the real threat in this bill. The whole point of cap and trade is to hike the price of electricity and gas so that Americans will use less. These higher prices will show up not just in electricity bills or at the gas station but in every manufactured good, from food to cars. Consumers will cut back on spending, which in turn will cut back on production, which results in fewer jobs created or higher unemployment. Some companies will instead move their operations overseas, with the same result.
When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy $161 billion in 2020, which is $1,870 for a family of four. As the bill’s restrictions kick in, that number rises to $6,800 for a family of four by 2035.
Read the full article here: