Here’s today’s news from the Congressional Budget Office on the recently passed Waxman-Markey legislation: It’s a big tax and spend bill. For the years 2010-2019 the tax increase is $872.8 billion. Ka-ching! (For the record, that’s pretty close [we’re talking government work here] to the $885 billion revenue estimate that …
The Waxman-Markey Cap and Trade bill passed by a narrow margin tonight, 219 to 212, with 8 Republicans supporting and 44 Democrats voting against– hardly overwhelming support. So, one of the largest tax revenue-generating bills in history passed the House of Representatives on a 7 point margin in a 435-seat chamber. …
From the Tax Foundation: [youtube]http://www.youtube.com/watch?v=Si-htSSHxsE[/youtube] Be sure to check out the top related video as well.
Someone please answer that question. Let’s start with this: a new study from the University of Wisconsin-Madison finds that food and energy demand will outpace production to meet those needs over the next several years. The need for greater energy and food production and the jobs that could be created from …
A paper released today by the United Nations Environment Program and the World Trade Organization acknowledged that cap and trade legislation would be expected to have significantly harmful economic consequences, likely including a serious loss of international competitiveness. In response, governments considering such a policy would likely want to consider …
[youtube]http://www.youtube.com/watch?v=0JTmYX9GSeU[/youtube]
The Congress of Racial Equality (CORE), best known for its pioneering work in the civil rights movement, has joined an increasingly loud chorus calling out proposed “cap-and-trade” legislation as a regressive tax, and a steep one at that. Roy Innis, CORE National Chairman since 1968, writes: The civil rights challenge …
The auto industry has long been a target of environmental activists. The push to put American consumers in smaller cars has been made quite clear. First, the Obama Administration enacted higher fuel efficiency standards – standards laden with unintended consequences. Now Congress is considering a cap and trade proposal that, …
