Well folks in a close vote 219 to 215 obama got his CAP @ TRADE through the House. If you are familiar or not, for or against, look over the remainder of the list below and see what CHANGE obama has passed on to AMERICA. BO just created the LARGEST TAX INCREASE in the history of our country.
+ + Facts on the True Costs
Heritage Foundations estimates that the cap-and-trade Carbon Tax will:
"Reduce aggregate Gross Domestic Product (GDP) by $9.6 trillion,"
"Destroy up to 2.5 million jobs in some years,"
"Raise electric rates 90%, gasoline prices by 74%, and natural gas prices by 55% after adjusting for inflation,"
"Raise a typical family’s average annual energy bill by $1,500."
One major oil industry executive has already said shutting down
refineries is a real possibility due to costs. It will be more cost effective to import the already refined gasoline.
One can only imagine how many industries and businesses will shut down and out source their production to foreign countries.
$4.00 to $5.00 gasoline prices are a definite probability.
England, which was one of the first countries to initiate CAP @ TRADE last year cost the average family over $1800.00 and has formally admitted the C@T program was a financial FAILURE. Yet, BO and the democrats still managed to push the Bill through knowing full well the cost to AMERICANS as well as the LOSS of millions of jobs.
Our only chance to DEFEAT this is to make sure our Senators help kill this Bill when it get's to the Senate.
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