Cap and Tax Under Hot Debate
Update: The bill passed 219-212
The Waxman-Markey Cap and Tax bill is under hot debate on the house floor right now, the bill will introduce a huge hidden energy tax to middle class americans, and do pretty much nothing to stop emissions. It’s turned into a huge patronage deal with massive pollution credits going to Dems in coal states to gain their votes. Here’s Representative Dave Camp, MI speaking on the effects of the bill:
The quickest way to stall the world economy that I know of is to introduce more draconian regs like this. The diesel regulations in Europe directly contributed to the recession we are trying to come out of now.
With the coming regulation of shipping diesel fuels, the future is looking pretty grim.
More from Representative Ryan: