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As I have said before, when the Democrats are in power, watch your pocketbook--they want as much of what's in it as they can possibly get. Here's the latest. The Obama administration is pushing "Cap and Trade" with its "Carbon Tax" which double your ALL our energy costs. Democrat Speaker of the House Nancy Pelosi planned a House Floor Vote to raise taxes for Obama with the NEW "Carbon Tax". She suddenly forced House committees to finish their work on the massive bill in less than 24 hours. Congressmen did not even get time to read the bill with hand written notes in the margin. Why? you ask; because it is time for her Summer Vacation and Pelosi and her henchman Henry Waxman promised Obama they would push the "Carbon Tax". It is universally acknowledged to be poor judgment and bad policy to raise taxes in difficult economic times, so Congress should not pass new taxes on the American people during a recession! A Heritage Foundation study shows that electricity costs would go up 90% and gas prices would go up another 58% under the Democrats' proposal. In turn this will lead to an additional 2.47 million people losing manufacturing jobs. However, Waxman and lawmakers on the House Energy and Commerce Committee met with Obama on to discuss climate change legislation. The result: "We said we're moving it this year and Obama didn't object," Waxman said. House Democrats leading the charge on President Obama's energy bill said they expect to mark up a bill by the Memorial Day recess and have final legislation passed by the end of the year. Yet, Obama's ambitious agenda has some House Democrats are fearing a repeat of 1994, when the Clinton BTU Tax was a priority and the party lost control of both the House and the Senate. Obama's plan is sneaky. The Obama "Carbon Tax" or "Green Energy Tax" is a "Regressive Cap-and-Trade" plan that taxes every single person in America. Every time anyone flips on a light switch, tax dollars are collected. The Obama "Carbon Tax" plan doubles the price of your electric bill immediately. The tax money goes straight to Obama and his Federal Government bureaucrats. The basis of the Obama "Green Energy Tax" is the "Great Carbon Lie" that carbon emissions cause global warming. This has been proven to be completely wrong and based on bad science. Proof of this comes from Gore's own eco-friends at the United Nations with two simple pieces of data: Average Global Temperatures Have Decreased in the Last 10 Years. Carbon Emissions Have Increased 10 fold in the Last 10 Years. The bottom line here is that under the Obama administration's plan money from ordinary energy consumers will be taken out of their pockets to fund big government special interest spending programs in Washington and bailouts on Wall Street. That's why the White House put the expected revenue from its "Carbon Tax plan into the budget to pay for its spending programs. For more information, visit www.ameripac.org .
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