The Cap and Trade bill, otherwise known as the "climate change" bill or the Waxman-Markey bill or H.R. 2454, will likely to come to a vote on Friday in the House of Representatives. There are worrisome indications the bill has been altered and amendments added without proper debate.
This bill will increase your utility bills as these companies pass along the increase cost to meet the demands required in the bill. There may be other fees and taxes that might be inserted in the bill before the end of the week. The Congressional Budget Office estimates you will pay around $175 per household in 2020 for utilities. Other critics argue it will cost far more. For example, the Heritage Foundation claims their estimate is far too low and estumates it will cost your family an additional $1,500 a year.
Unfortunately, I cannot find a source yet that has tracked the accuracy of CBO's cost estimates. This is a service which is very much needed.
According to Open Congress:
"...This is a huge bill that, if passed, will have major and lasting effect on our environment and economy. Needless to say, it’s important that the House develops and debates this bill in a way that is transparent and gives the public (and lawmakers) enough time to understand the changes that are being made to it. Paul Blumenthal is rightly concerned about the sudden changes in the bill just before it goes to the House floor.
Read the new bill here (1201-page .pdf)>>
***Contact Congress to defeat this bill!***
-----
Government Spending Watchdog Calls For Defeat Of Energy Bill
In a statement released to the media, The Council for Citizens Against Government Waste, or CCAGW, stated that its members sent more than "20,500 strongly-worded e-mails urging members of Congress to defeat the American Clean Energy and Security Act of 2009."
The message sent to members of Congress claims that the act will "place severe regulatory burdens on domestic industry" and raise the prices consumers pay for electricity, natural gas, and other products that use fossil fuels.
Democrats Grow Confident of Cap-and-Trade Win Washington Post Blogs
Cap and Trade Hits the Poor the Hardest
Heritage.org - 3 hours ago
The Wall Street Journal wasn't kidding when they argued that cap-and-trade could be the “biggest tax in American history.” The Reason Foundation contends ...
The Business Insider - 13 hours ago
[Environmental Capital] Warren Buffett calls cap and trade a regressive tax, once again. [Bloomberg] Iraq opens its oilfields up to foreign companies. ...