H.R. 2454 another pocket drainer..

[Teresa]

The Democrat Majority has announced that amendments to this bill can be made no later than 9:30 a.m. on Thursday, June 25th.  We expect a floor vote to occur soon after that, so please begin calling your Representatives and tell them to vote NO on cap-and-tax! 

TOO LATE!!! This bill has been passed in the House


H.R. 2454 will further cripple our economy and drain your pockets in the following ways:

It will raise your household electricity rates by 90 percent, gasoline by 74 percent, and residential natural gas prices by 55 percent by 2035, after adjusting for inflation.
It imposes an annual burden of $144.8 billion per year on U.S. households, and it will reduce household earnings by a projected $37.8 billion.

It will further cut U.S. employment levels by 965,000 jobs by reducing economic output by $136 billion per year-this translates to a $1,145 increase in energy costs per American household.

It will force low-income households to disproportionately bear the across-the-board energy cost increase, as a larger percentage of the poor's income goes toward energy costs, as opposed to wealthier households.

It sets the stage to effectively kill the coal industry as it will be taxed so heavily, it will not be able to sustain itself.


H.R. 2454 will be the biggest government takeover of the economy since the Second World War, which is the last time energy, food, and other basic commodities were rationed. 

Waxman-Markey amounts to a $2 trillion tax increase on middle-class Americans.  Not only would this be the biggest tax increase in the history of the world, but it is yet another example of President Barack Obama violating his campaign promise not to raise taxes on the middle class.  This cap-and-tax bill is simply an underhanded way of facilitating a colossal transfer of wealth from consumers to big businesses.

Household energy taxation with the ultimate goal of energy-rationing is dangerous, not only for your pocketbook, but also for the well-being of your family and your standard of living. 

H.R. 2454 is a hidden tax ..
This bill has been passed in the House. The bill now goes on to be voted on in the Senate. Keep in mind that debate may be taking place on a companion bill in the Senate, rather than on this particular bill.